2014 TJS to MKD Historical Review

YEARLY HIGH

9.8738 MKD

YEARLY LOW

9.0038 MKD

YEARLY AVERAGE

9.4109 MKD

2014 TJS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TJS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 8, valuing the pair at 9.8738. Conversely, the yearly low was recorded on May 4, dropping to 9.0038.

This high-to-low spread represents a total annual volatility of 0.8699 MKD. From a start-to-finish perspective, comparing the January average rate of 9.4600 to the December average rate of 9.7027, the exchange rate registered a net change of 2.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 9.8738 was down 2.50% compared to the 2013 peak of 10.1271, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 49,369 MKD

2013 Average 48,837 MKD

Yearly Trough Low 45,019 MKD

Transaction Impact: A difference of 4,349.70 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

9.8349

9.0752

JanuMarcMayJulySeptNove

TJS 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 9.2882, compared to 9.5335 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2452 points.

H1 Avg (Jan–Jun) 9.2882

H2 Avg (Jul–Dec) 9.5335

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.3872 MKD (High: 9.7901 / Low: 9.4029). On the other end, July was the most stable month, with a tight range of 0.0921 MKD (High: 9.2146 / Low: 9.1226).

September Spread (Volatile) ±0.3872

July Spread (Stable) ±0.0921

Growth Streaks & Declines

Trends

Between July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1251 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1251

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 9.7716) against the same month in 2013 (average: 9.5259), the exchange rate shifted by +0.2456 (+2.58%).

2014 Avg (November) 9.7716

2013 Avg (November) 9.5259

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.5341	9.3579	9.4600
February	9.5069	9.3156	9.4081
March	9.3357	9.2128	9.2830
April	9.2770	9.0827	9.2284
May	9.2311	9.0038	9.1385
June	9.2501	9.1493	9.2115
July	9.2146	9.1226	9.1740
August	9.3814	9.1648	9.2660
September	9.7901	9.4029	9.5555
October	9.7868	9.6494	9.7311
November	9.8738	9.6775	9.7716
December	9.7671	9.5638	9.7027