YEARLY HIGH
20.9006 CDF
YEARLY LOW
18.2438 CDF
YEARLY AVERAGE
19.9322 CDF

2014 MKD to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 20.9006. Conversely, the yearly low was recorded on December 31, dropping to 18.2438.

This high-to-low spread represents a total annual volatility of 2.6568 CDF. From a start-to-finish perspective, comparing the January average rate of 20.4602 to the December average rate of 18.5379, the exchange rate registered a net change of -9.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 20.9006 was down 0.10% compared to the 2013 peak of 20.9215, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 104,503 CDF
2013 Average 99,167 CDF
Yearly Trough Low 91,219 CDF
Transaction Impact: A difference of 13,284.13 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

20.9031
18.3229
JanuMarcMayJulySeptNove

MKD to CDF 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 20.5302, compared to 19.3342 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.1960 points.

H1 Avg (Jan–Jun) 20.5302
H2 Avg (Jul–Dec) 19.3342

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.8365 CDF (High: 19.7623 / Low: 18.9258). On the other end, June was the most stable month, with a tight range of 0.2054 CDF (High: 20.4746 / Low: 20.2692).

September Spread (Volatile) ±0.8365
June Spread (Stable) ±0.2054

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2014. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.6226 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.6226

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 20.6881) against the same month in 2013 (average: 19.5426), the exchange rate shifted by +1.1455 (+5.86%).

2014 Avg (March) 20.6881
2013 Avg (March) 19.5426

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 20.6354 20.2601 20.4602
February 20.5888 20.2346 20.4186
March 20.9006 20.4942 20.6881
April 20.8033 20.5123 20.6798
May 20.8406 20.3620 20.5693
June 20.4746 20.2692 20.3654
July 20.4888 20.2385 20.3374
August 20.3216 19.7935 20.0153
September 19.7623 18.9258 19.3927
October 19.1911 18.8881 19.0148
November 18.8628 18.5950 18.7071
December 18.7559 18.2438 18.5379