2014 RWF to MKD Historical Review

YEARLY HIGH

0.0733 MKD

YEARLY LOW

0.0650 MKD

YEARLY AVERAGE

0.0678 MKD

2014 RWF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the RWF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0733. Conversely, the yearly low was recorded on May 7, dropping to 0.0650.

This high-to-low spread represents a total annual volatility of 0.0084 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0665 to the December average rate of 0.0723, the exchange rate registered a net change of 8.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0733 was down 3.90% compared to the 2013 peak of 0.0763, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 367 MKD

2013 Average 359 MKD

Yearly Trough Low 325 MKD

Transaction Impact: A difference of 41.89 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0729

0.0649

JanuMarcMayJulySeptNove

RWF 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 0.0661, compared to 0.0694 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0033 points.

H1 Avg (Jan–Jun) 0.0661

H2 Avg (Jul–Dec) 0.0694

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0032 MKD (High: 0.0709 / Low: 0.0677). On the other end, June was the most stable month, with a tight range of 0.0005 MKD (High: 0.0668 / Low: 0.0663).

September Spread (Volatile) ±0.0032

June Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between July and December, 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 February and March, when the average rate fell by 0.0010 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0723) against the same month in 2013 (average: 0.0667), the exchange rate shifted by +0.0056 (+8.32%).

2014 Avg (December) 0.0723

2013 Avg (December) 0.0667

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0669	0.0661	0.0665
February	0.0673	0.0660	0.0665
March	0.0660	0.0650	0.0656
April	0.0662	0.0652	0.0655
May	0.0664	0.0650	0.0658
June	0.0668	0.0663	0.0666
July	0.0669	0.0658	0.0664
August	0.0676	0.0659	0.0668
September	0.0709	0.0677	0.0690
October	0.0710	0.0698	0.0704
November	0.0726	0.0710	0.0717
December	0.0733	0.0712	0.0723