2014 TND to MKD Historical Review

YEARLY HIGH

28.4932 MKD

YEARLY LOW

26.2812 MKD

YEARLY AVERAGE

27.3549 MKD

2014 TND to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TND to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 6, valuing the pair at 28.4932. Conversely, the yearly low was recorded on July 19, dropping to 26.2812.

This high-to-low spread represents a total annual volatility of 2.2120 MKD. From a start-to-finish perspective, comparing the January average rate of 27.4883 to the December average rate of 26.9060, the exchange rate registered a net change of -2.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 28.4932 was down 7.04% compared to the 2013 peak of 30.6516, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 142,466 MKD

2013 Average 143,275 MKD

Yearly Trough Low 131,406 MKD

Transaction Impact: A difference of 11,059.99 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

28.5904

26.3390

JanuMarcMayJulySeptNove

TND 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 27.8712, compared to 26.8386 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.0327 points.

H1 Avg (Jan–Jun) 27.8712

H2 Avg (Jul–Dec) 26.8386

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 1.2066 MKD (High: 28.3709 / Low: 27.1643). On the other end, February was the most stable month, with a tight range of 0.1539 MKD (High: 28.4823 / Low: 28.3284).

January Spread (Volatile) ±1.2066

February Spread (Stable) ±0.1539

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 June and July, when the average rate fell by 0.7729 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.7729

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 28.2774) against the same month in 2013 (average: 29.9133), the exchange rate shifted by -1.6359 (-5.47%).

2014 Avg (March) 28.2774

2013 Avg (March) 29.9133

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	28.3709	27.1643	27.4883
February	28.4823	28.3284	28.4028
March	28.4932	28.0766	28.2774
April	28.3341	27.7422	28.0798
May	27.7729	27.5343	27.6795
June	27.7678	26.8548	27.2995
July	26.8182	26.2812	26.5267
August	26.8887	26.5486	26.7546
September	27.1457	26.7125	26.8884
October	27.1630	26.8275	26.9721
November	27.1327	26.8309	26.9836
December	27.1647	26.7525	26.9060