2014 NPR to MKD Historical Review

YEARLY HIGH

0.5049 MKD

YEARLY LOW

0.4464 MKD

YEARLY AVERAGE

0.4746 MKD

2014 NPR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the NPR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 9, valuing the pair at 0.5049. Conversely, the yearly low was recorded on January 27, dropping to 0.4464.

This high-to-low spread represents a total annual volatility of 0.0585 MKD. From a start-to-finish perspective, comparing the January average rate of 0.4547 to the December average rate of 0.4976, the exchange rate registered a net change of 9.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.5049 was down 8.82% compared to the 2013 peak of 0.5537, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,525 MKD

2013 Average 2,497 MKD

Yearly Trough Low 2,232 MKD

Transaction Impact: A difference of 292.71 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.5047

0.4489

JanuMarcMayJulySeptNove

NPR 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 0.4618, compared to 0.4874 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0256 points.

H1 Avg (Jan–Jun) 0.4618

H2 Avg (Jul–Dec) 0.4874

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.0238 MKD (High: 0.4828 / Low: 0.4591). On the other end, July was the most stable month, with a tight range of 0.0051 MKD (High: 0.4732 / Low: 0.4681).

May Spread (Volatile) ±0.0238

July Spread (Stable) ±0.0051

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0025 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0025

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.4976) against the same month in 2013 (average: 0.4541), the exchange rate shifted by +0.0434 (+9.56%).

2014 Avg (December) 0.4976

2013 Avg (December) 0.4541

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4603	0.4464	0.4547
February	0.4561	0.4507	0.4536
March	0.4686	0.4502	0.4563
April	0.4680	0.4569	0.4616
May	0.4828	0.4591	0.4707
June	0.4786	0.4694	0.4740
July	0.4732	0.4681	0.4716
August	0.4812	0.4670	0.4729
September	0.4949	0.4798	0.4883
October	0.4979	0.4887	0.4940
November	0.5035	0.4959	0.5000
December	0.5049	0.4873	0.4976