2014 MZN to MKD Historical Review

YEARLY HIGH

1.6046 MKD

YEARLY LOW

1.3804 MKD

YEARLY AVERAGE

1.4848 MKD

2014 MZN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MZN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 14, valuing the pair at 1.6046. Conversely, the yearly low was recorded on March 2, dropping to 1.3804.

This high-to-low spread represents a total annual volatility of 0.2242 MKD. From a start-to-finish perspective, comparing the January average rate of 1.4959 to the December average rate of 1.5098, the exchange rate registered a net change of 0.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.6046 was down 0.88% compared to the 2013 peak of 1.6188, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MZN based on timing:

Yearly Peak High 8,023 MKD

2013 Average 7,778 MKD

Yearly Trough Low 6,902 MKD

Transaction Impact: A difference of 1,120.86 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.5958

1.3912

JanuMarcMayJulySeptNove

MZN to MKD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 1.4375, compared to 1.5322 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0946 points.

H1 Avg (Jan–Jun) 1.4375

H2 Avg (Jul–Dec) 1.5322

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.1013 MKD (High: 1.5689 / Low: 1.4676). On the other end, June was the most stable month, with a tight range of 0.0128 MKD (High: 1.4453 / Low: 1.4325).

December Spread (Volatile) ±0.1013

June Spread (Stable) ±0.0128

Growth Streaks & Declines

Trends

Between May and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0690 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0690

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 1.5788) against the same month in 2013 (average: 1.5182), the exchange rate shifted by +0.0606 (+3.99%).

2014 Avg (November) 1.5788

2013 Avg (November) 1.5182

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5161	1.4613	1.4959
February	1.4787	1.3830	1.4275
March	1.4375	1.3804	1.4083
April	1.4445	1.4136	1.4294
May	1.4406	1.4082	1.4256
June	1.4453	1.4325	1.4386
July	1.4911	1.4320	1.4634
August	1.5332	1.4946	1.5182
September	1.5819	1.5342	1.5582
October	1.5828	1.5462	1.5646
November	1.6046	1.5496	1.5788
December	1.5689	1.4676	1.5098