2014 SLL to MKD Historical Review

YEARLY HIGH

0.0120 MKD

YEARLY LOW

0.0102 MKD

YEARLY AVERAGE

0.0107 MKD

2014 SLL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the SLL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0120. Conversely, the yearly low was recorded on May 7, dropping to 0.0102.

This high-to-low spread represents a total annual volatility of 0.0018 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0104 to the December average rate of 0.0116, the exchange rate registered a net change of 11.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0120 was up 7.60% compared to the 2013 peak of 0.0111, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 60 MKD

2013 Average 54 MKD

Yearly Trough Low 51 MKD

Transaction Impact: A difference of 9.03 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0118

0.0102

JanuMarcMayJulySeptNove

SLL 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 0.0104, compared to 0.0110 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0104

H2 Avg (Jul–Dec) 0.0110

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0007 MKD (High: 0.0120 / Low: 0.0113). On the other end, July was the most stable month, with a tight range of 0.0001 MKD (High: 0.0105 / Low: 0.0104).

December Spread (Volatile) ±0.0007

July Spread (Stable) ±0.0001

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 0.0001 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0116) against the same month in 2013 (average: 0.0104), the exchange rate shifted by +0.0012 (+11.99%).

2014 Avg (December) 0.0116

2013 Avg (December) 0.0104

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0105	0.0103	0.0104
February	0.0105	0.0103	0.0104
March	0.0104	0.0102	0.0103
April	0.0105	0.0103	0.0103
May	0.0105	0.0102	0.0104
June	0.0105	0.0104	0.0105
July	0.0105	0.0104	0.0104
August	0.0107	0.0104	0.0106
September	0.0112	0.0107	0.0109
October	0.0112	0.0111	0.0111
November	0.0114	0.0112	0.0113
December	0.0120	0.0113	0.0116