2014 NZD to MKD Historical Review

YEARLY HIGH

39.9822 MKD

YEARLY LOW

36.6529 MKD

YEARLY AVERAGE

38.4744 MKD

2014 NZD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the NZD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 9, valuing the pair at 39.9822. Conversely, the yearly low was recorded on January 1, dropping to 36.6529.

This high-to-low spread represents a total annual volatility of 3.3293 MKD. From a start-to-finish perspective, comparing the January average rate of 37.3503 to the December average rate of 38.7727, the exchange rate registered a net change of 3.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 39.9822 was down 2.68% compared to the 2013 peak of 41.0850, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 199,911 MKD

2013 Average 190,826 MKD

Yearly Trough Low 183,265 MKD

Transaction Impact: A difference of 16,646.58 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

39.6231

37.1437

JanuMarcMayJulySeptNove

NZD 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 38.1494, compared to 38.7993 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6499 points.

H1 Avg (Jan–Jun) 38.1494

H2 Avg (Jul–Dec) 38.7993

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 1.8554 MKD (High: 39.4993 / Low: 37.6439). On the other end, August was the most stable month, with a tight range of 0.4383 MKD (High: 39.0948 / Low: 38.6565).

September Spread (Volatile) ±1.8554

August Spread (Stable) ±0.4383

Growth Streaks & Declines

Trends

Between January and July, 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 September and October, when the average rate fell by 0.5315 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.5315

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2014: 39.4165) against the same month in 2013 (average: 37.1270), the exchange rate shifted by +2.2895 (+6.17%).

2014 Avg (July) 39.4165

2013 Avg (July) 37.1270

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	37.8664	36.6529	37.3503
February	37.7504	36.8186	37.4250
March	38.8404	37.4107	38.0245
April	38.9369	37.9833	38.4156
May	38.9627	38.2580	38.5673
June	39.7630	38.1178	39.1139
July	39.9822	38.5925	39.4165
August	39.0948	38.6565	38.8987
September	39.4993	37.6439	38.7435
October	38.6842	37.8145	38.2120
November	39.3962	38.1093	38.7525
December	39.5816	38.1815	38.7727