2014 NGN to MKD Historical Review

YEARLY HIGH

0.2992 MKD

YEARLY LOW

0.2682 MKD

YEARLY AVERAGE

0.2811 MKD

2014 NGN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the NGN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 0.2992. Conversely, the yearly low was recorded on March 13, dropping to 0.2682.

This high-to-low spread represents a total annual volatility of 0.0310 MKD. From a start-to-finish perspective, comparing the January average rate of 0.2822 to the December average rate of 0.2745, the exchange rate registered a net change of -2.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.2992 was down 2.11% compared to the 2013 peak of 0.3056, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 299,185 MKD

2013 Average 292,241 MKD

Yearly Trough Low 268,201 MKD

Transaction Impact: A difference of 30,983.89 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.2976

0.2682

JanuMarcMayJulySeptNove

NGN 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 0.2765, compared to 0.2857 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0092 points.

H1 Avg (Jan–Jun) 0.2765

H2 Avg (Jul–Dec) 0.2857

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 0.0224 MKD (High: 0.2992 / Low: 0.2768). On the other end, June was the most stable month, with a tight range of 0.0023 MKD (High: 0.2788 / Low: 0.2765).

November Spread (Volatile) ±0.0224

June Spread (Stable) ±0.0023

Growth Streaks & Declines

Trends

Between March and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0138 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0138

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 0.2883) against the same month in 2013 (average: 0.2863), the exchange rate shifted by +0.0020 (+0.70%).

2014 Avg (November) 0.2883

2013 Avg (November) 0.2863

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2853	0.2775	0.2822
February	0.2804	0.2706	0.2757
March	0.2736	0.2682	0.2707
April	0.2769	0.2715	0.2751
May	0.2793	0.2742	0.2772
June	0.2788	0.2765	0.2779
July	0.2811	0.2769	0.2796
August	0.2880	0.2815	0.2846
September	0.2986	0.2878	0.2919
October	0.2989	0.2916	0.2952
November	0.2992	0.2768	0.2883
December	0.2767	0.2693	0.2745