2014 PGK to MKD Historical Review

YEARLY HIGH

19.7443 MKD

YEARLY LOW

15.7141 MKD

YEARLY AVERAGE

18.0978 MKD

2014 PGK to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the PGK to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 19.7443. Conversely, the yearly low was recorded on May 27, dropping to 15.7141.

This high-to-low spread represents a total annual volatility of 4.0302 MKD. From a start-to-finish perspective, comparing the January average rate of 18.0726 to the December average rate of 19.3603, the exchange rate registered a net change of 7.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 19.7443 was down 15.72% compared to the 2013 peak of 23.4275, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 98,722 MKD

2013 Average 102,155 MKD

Yearly Trough Low 78,571 MKD

Transaction Impact: A difference of 20,150.91 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

19.7583

15.5759

JanuMarcMayJulySeptNove

PGK 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 17.0883, compared to 19.1073 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.0191 points.

H1 Avg (Jan–Jun) 17.0883

H2 Avg (Jul–Dec) 19.1073

Volatility Range Comparison

Volatility

The most volatile month in 2014 was June, with a trading range of 2.8845 MKD (High: 18.6534 / Low: 15.7689). On the other end, July was the most stable month, with a tight range of 0.1337 MKD (High: 18.6264 / Low: 18.4927).

June Spread (Volatile) ±2.8845

July Spread (Stable) ±0.1337

Growth Streaks & Declines

Trends

Between May and November, 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 March and April, when the average rate fell by 0.8263 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.8263

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 19.3603) against the same month in 2013 (average: 17.9273), the exchange rate shifted by +1.4330 (+7.99%).

2014 Avg (December) 19.3603

2013 Avg (December) 17.9273

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.2172	17.7590	18.0726
February	18.1064	17.1447	17.7061
March	17.7940	16.3978	17.0518
April	16.8741	15.8783	16.2255
May	16.0826	15.7141	15.9244
June	18.6534	15.7689	17.5492
July	18.6264	18.4927	18.5799
August	18.9488	18.5763	18.7173
September	19.7216	18.8270	19.1979
October	19.7227	19.1173	19.3788
November	19.5303	19.2556	19.4097
December	19.7443	19.0344	19.3603