2014 NIO to MKD Historical Review

YEARLY HIGH

1.9089 MKD

YEARLY LOW

1.7168 MKD

YEARLY AVERAGE

1.7861 MKD

2014 NIO to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the NIO to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 1.9089. Conversely, the yearly low was recorded on May 7, dropping to 1.7168.

This high-to-low spread represents a total annual volatility of 0.1921 MKD. From a start-to-finish perspective, comparing the January average rate of 1.7779 to the December average rate of 1.8849, the exchange rate registered a net change of 6.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.9089 was down 3.87% compared to the 2013 peak of 1.9857, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,545 MKD

2013 Average 9,431 MKD

Yearly Trough Low 8,584 MKD

Transaction Impact: A difference of 960.38 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.9000

1.7191

JanuMarcMayJulySeptNove

NIO 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 1.7531, compared to 1.8191 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0660 points.

H1 Avg (Jan–Jun) 1.7531

H2 Avg (Jul–Dec) 1.8191

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0805 MKD (High: 1.8665 / Low: 1.7860). On the other end, July was the most stable month, with a tight range of 0.0137 MKD (High: 1.7485 / Low: 1.7348).

September Spread (Volatile) ±0.0805

July Spread (Stable) ±0.0137

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0280 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0280

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.8849) against the same month in 2013 (average: 1.7762), the exchange rate shifted by +0.1087 (+6.12%).

2014 Avg (December) 1.8849

2013 Avg (December) 1.7762

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7943	1.7575	1.7779
February	1.7988	1.7567	1.7731
March	1.7624	1.7304	1.7452
April	1.7510	1.7249	1.7342
May	1.7592	1.7168	1.7392
June	1.7589	1.7397	1.7488
July	1.7485	1.7348	1.7443
August	1.7847	1.7477	1.7681
September	1.8665	1.7860	1.8174
October	1.8705	1.8124	1.8375
November	1.8743	1.8462	1.8623
December	1.9089	1.8588	1.8849