2014 PYG to MKD Historical Review

YEARLY HIGH

0.0111 MKD

YEARLY LOW

0.0097 MKD

YEARLY AVERAGE

0.0104 MKD

2014 PYG to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the PYG to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 9, valuing the pair at 0.0111. Conversely, the yearly low was recorded on January 28, dropping to 0.0097.

This high-to-low spread represents a total annual volatility of 0.0015 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0098 to the December average rate of 0.0108, the exchange rate registered a net change of 10.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0111 was down 7.13% compared to the 2013 peak of 0.0120, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 56 MKD

2013 Average 54 MKD

Yearly Trough Low 48 MKD

Transaction Impact: A difference of 7.38 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0111

0.0096

JanuMarcMayJulySeptNove

PYG 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 0.0100, compared to 0.0108 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0100

H2 Avg (Jul–Dec) 0.0108

Volatility Range Comparison

Volatility

The most volatile month in 2014 was July, with a trading range of 0.0005 MKD (High: 0.0108 / Low: 0.0103). On the other end, April was the most stable month, with a tight range of 0.0001 MKD (High: 0.0101 / Low: 0.0100).

July Spread (Volatile) ±0.0005

April Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between April and September, 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 September and October, when the average rate fell by 0.0003 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2014: 0.0110) against the same month in 2013 (average: 0.0104), the exchange rate shifted by +0.0006 (+5.93%).

2014 Avg (September) 0.0110

2013 Avg (September) 0.0104

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0098	0.0097	0.0098
February	0.0102	0.0097	0.0100
March	0.0101	0.0100	0.0101
April	0.0101	0.0100	0.0101
May	0.0102	0.0100	0.0101
June	0.0103	0.0102	0.0103
July	0.0108	0.0103	0.0106
August	0.0109	0.0106	0.0108
September	0.0111	0.0107	0.0110
October	0.0108	0.0105	0.0106
November	0.0107	0.0106	0.0107
December	0.0109	0.0107	0.0108