2014 RON to MKD Historical Review

YEARLY HIGH

14.0982 MKD

YEARLY LOW

13.5366 MKD

YEARLY AVERAGE

13.8545 MKD

2014 RON to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the RON to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 30, valuing the pair at 14.0982. Conversely, the yearly low was recorded on January 27, dropping to 13.5366.

This high-to-low spread represents a total annual volatility of 0.5616 MKD. From a start-to-finish perspective, comparing the January average rate of 13.6093 to the December average rate of 13.7869, the exchange rate registered a net change of 1.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 14.0982 was down 4.06% compared to the 2013 peak of 14.6945, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 70,491 MKD

2013 Average 69,934 MKD

Yearly Trough Low 67,683 MKD

Transaction Impact: A difference of 2,808.18 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

14.0748

13.5670

JanuMarcMayJulySeptNove

RON 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 13.8059, compared to 13.9031 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0972 points.

H1 Avg (Jan–Jun) 13.8059

H2 Avg (Jul–Dec) 13.9031

Volatility Range Comparison

Volatility

The most volatile month in 2014 was July, with a trading range of 0.2999 MKD (High: 14.0713 / Low: 13.7714). On the other end, June was the most stable month, with a tight range of 0.1252 MKD (High: 14.0982 / Low: 13.9731).

July Spread (Volatile) ±0.2999

June Spread (Stable) ±0.1252

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1465 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1465

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2014: 14.0325) against the same month in 2013 (average: 13.7948), the exchange rate shifted by +0.2377 (+1.72%).

2014 Avg (June) 14.0325

2013 Avg (June) 13.7948

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.7361	13.5366	13.6093
February	13.8619	13.6252	13.7352
March	13.8284	13.5860	13.7231
April	13.8821	13.7265	13.8126
May	14.0591	13.8272	13.9226
June	14.0982	13.9731	14.0325
July	14.0713	13.7714	13.9348
August	14.0070	13.7709	13.8826
September	14.0140	13.8095	13.9250
October	14.0499	13.8564	13.9558
November	14.0395	13.8640	13.9334
December	13.9212	13.6803	13.7869