2014 QAR to MKD Historical Review

YEARLY HIGH

13.8927 MKD

YEARLY LOW

12.1494 MKD

YEARLY AVERAGE

12.7450 MKD

2014 QAR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the QAR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 13.8927. Conversely, the yearly low was recorded on May 7, dropping to 12.1494.

This high-to-low spread represents a total annual volatility of 1.7433 MKD. From a start-to-finish perspective, comparing the January average rate of 12.4055 to the December average rate of 13.7197, the exchange rate registered a net change of 10.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 13.8927 was up 5.04% compared to the 2013 peak of 13.2263, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 69,464 MKD

2013 Average 63,904 MKD

Yearly Trough Low 60,747 MKD

Transaction Impact: A difference of 8,716.67 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

13.8669

12.0995

JanuMarcMayJulySeptNove

QAR 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 12.3455, compared to 13.1446 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7991 points.

H1 Avg (Jan–Jun) 12.3455

H2 Avg (Jul–Dec) 13.1446

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.5869 MKD (High: 13.4233 / Low: 12.8364). On the other end, June was the most stable month, with a tight range of 0.0673 MKD (High: 12.4790 / Low: 12.4117).

September Spread (Volatile) ±0.5869

June Spread (Stable) ±0.0673

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1593 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.1593

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 13.7197) against the same month in 2013 (average: 12.3496), the exchange rate shifted by +1.3700 (+11.09%).

2014 Avg (December) 13.7197

2013 Avg (December) 12.3496

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.5044	12.2682	12.4055
February	12.5289	12.2930	12.4061
March	12.3250	12.1528	12.2468
April	12.3552	12.1950	12.2536
May	12.4416	12.1494	12.3150
June	12.4790	12.4117	12.4459
July	12.4909	12.3829	12.4634
August	12.8225	12.4889	12.6657
September	13.4233	12.8364	13.0815
October	13.4456	13.2370	13.3515
November	13.6572	13.4793	13.5857
December	13.8927	13.5387	13.7197