2014 RSD to MKD Historical Review

YEARLY HIGH

0.5389 MKD

YEARLY LOW

0.5003 MKD

YEARLY AVERAGE

0.5253 MKD

2014 RSD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the RSD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 30, valuing the pair at 0.5389. Conversely, the yearly low was recorded on December 17, dropping to 0.5003.

This high-to-low spread represents a total annual volatility of 0.0386 MKD. From a start-to-finish perspective, comparing the January average rate of 0.5332 to the December average rate of 0.5061, the exchange rate registered a net change of -5.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.5389 was down 7.05% compared to the 2013 peak of 0.5797, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,694 MKD

2013 Average 2,733 MKD

Yearly Trough Low 2,501 MKD

Transaction Impact: A difference of 193.06 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.5362

0.5033

JanuMarcMayJulySeptNove

RSD 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 0.5329, compared to 0.5177 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0153 points.

H1 Avg (Jan–Jun) 0.5329

H2 Avg (Jul–Dec) 0.5177

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0139 MKD (High: 0.5274 / Low: 0.5135). On the other end, June was the most stable month, with a tight range of 0.0026 MKD (High: 0.5345 / Low: 0.5320).

September Spread (Volatile) ±0.0139

June Spread (Stable) ±0.0026

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0082 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0082

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 0.5328) against the same month in 2013 (average: 0.5496), the exchange rate shifted by -0.0168 (-3.06%).

2014 Avg (March) 0.5328

2013 Avg (March) 0.5496

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5371	0.5307	0.5332
February	0.5356	0.5304	0.5324
March	0.5389	0.5292	0.5328
April	0.5353	0.5312	0.5333
May	0.5349	0.5290	0.5324
June	0.5345	0.5320	0.5334
July	0.5334	0.5211	0.5285
August	0.5273	0.5199	0.5231
September	0.5274	0.5135	0.5175
October	0.5207	0.5141	0.5165
November	0.5181	0.5102	0.5143
December	0.5105	0.5003	0.5061