2014 PEN to MKD Historical Review

YEARLY HIGH

17.0300 MKD

YEARLY LOW

15.7612 MKD

YEARLY AVERAGE

16.3415 MKD

2014 PEN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the PEN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 17.0300. Conversely, the yearly low was recorded on March 13, dropping to 15.7612.

This high-to-low spread represents a total annual volatility of 1.2688 MKD. From a start-to-finish perspective, comparing the January average rate of 16.0790 to the December average rate of 16.8631, the exchange rate registered a net change of 4.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 17.0300 was down 8.72% compared to the 2013 peak of 18.6577, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 85,150 MKD

2013 Average 86,240 MKD

Yearly Trough Low 78,806 MKD

Transaction Impact: A difference of 6,343.91 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

17.0164

15.7883

JanuMarcMayJulySeptNove

PEN 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 16.0487, compared to 16.6343 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5856 points.

H1 Avg (Jan–Jun) 16.0487

H2 Avg (Jul–Dec) 16.6343

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.5877 MKD (High: 16.3783 / Low: 15.7906). On the other end, February was the most stable month, with a tight range of 0.2053 MKD (High: 16.1648 / Low: 15.9595).

May Spread (Volatile) ±0.5877

February Spread (Stable) ±0.2053

Growth Streaks & Declines

Trends

Between March and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1625 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.1625

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 16.9141) against the same month in 2013 (average: 16.2574), the exchange rate shifted by +0.6567 (+4.04%).

2014 Avg (November) 16.9141

2013 Avg (November) 16.2574

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.1971	15.9545	16.0790
February	16.1648	15.9595	16.0531
March	16.0330	15.7612	15.8907
April	16.0640	15.8394	15.9802
May	16.3783	15.7906	16.0680
June	16.3741	16.1250	16.2214
July	16.3470	16.1179	16.2867
August	16.4958	16.2601	16.3874
September	16.9087	16.4041	16.6212
October	16.9255	16.5995	16.7331
November	17.0300	16.7371	16.9141
December	16.9734	16.6015	16.8631