2014 TRY to MKD Historical Review

YEARLY HIGH

22.3700 MKD

YEARLY LOW

19.2949 MKD

YEARLY AVERAGE

21.2136 MKD

2014 TRY to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TRY to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 22.3700. Conversely, the yearly low was recorded on January 26, dropping to 19.2949.

This high-to-low spread represents a total annual volatility of 3.0751 MKD. From a start-to-finish perspective, comparing the January average rate of 20.3663 to the December average rate of 21.7716, the exchange rate registered a net change of 6.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 22.3700 was down 16.93% compared to the 2013 peak of 26.9280, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 1,118,498 MKD

2013 Average 1,225,533 MKD

Yearly Trough Low 964,745 MKD

Transaction Impact: A difference of 153,752.89 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

22.3528

19.9494

JanuMarcMayJulySeptNove

TRY 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 20.7987, compared to 21.6284 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8298 points.

H1 Avg (Jan–Jun) 20.7987

H2 Avg (Jul–Dec) 21.6284

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 1.5545 MKD (High: 20.8494 / Low: 19.2949). On the other end, August was the most stable month, with a tight range of 0.4168 MKD (High: 21.6134 / Low: 21.1966).

January Spread (Volatile) ±1.5545

August Spread (Stable) ±0.4168

Growth Streaks & Declines

Trends

Between August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.3809 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3809

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 22.1525) against the same month in 2013 (average: 22.4600), the exchange rate shifted by -0.3075 (-1.37%).

2014 Avg (November) 22.1525

2013 Avg (November) 22.4600

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.8494	19.2949	20.3663
February	20.6882	20.0010	20.4500
March	20.8450	19.7949	20.1497
April	21.2990	20.7593	20.9903
May	21.7052	21.0869	21.4404
June	21.8084	21.1306	21.3953
July	21.7290	21.1874	21.4143
August	21.6134	21.1966	21.3622
September	21.9855	21.2689	21.5198
October	22.1914	21.2789	21.5501
November	22.3700	21.9075	22.1525
December	22.3083	20.9384	21.7716