2014 TWD to MKD Historical Review

YEARLY HIGH

1.6258 MKD

YEARLY LOW

1.4561 MKD

YEARLY AVERAGE

1.5299 MKD

2014 TWD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TWD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 8, valuing the pair at 1.6258. Conversely, the yearly low was recorded on March 19, dropping to 1.4561.

This high-to-low spread represents a total annual volatility of 0.1697 MKD. From a start-to-finish perspective, comparing the January average rate of 1.4979 to the December average rate of 1.5899, the exchange rate registered a net change of 6.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.6258 was down 0.33% compared to the 2013 peak of 1.6313, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,129 MKD

2013 Average 7,834 MKD

Yearly Trough Low 7,281 MKD

Transaction Impact: A difference of 848.51 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.6238

1.4520

JanuMarcMayJulySeptNove

TWD 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 1.4880, compared to 1.5717 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0838 points.

H1 Avg (Jan–Jun) 1.4880

H2 Avg (Jul–Dec) 1.5717

Volatility Range Comparison

Volatility

The most volatile month in 2014 was August, with a trading range of 0.0453 MKD (High: 1.5598 / Low: 1.5146). On the other end, July was the most stable month, with a tight range of 0.0100 MKD (High: 1.5175 / Low: 1.5075).

August Spread (Volatile) ±0.0453

July Spread (Stable) ±0.0100

Growth Streaks & Declines

Trends

Between March and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0230 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0230

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 1.6095) against the same month in 2013 (average: 1.5386), the exchange rate shifted by +0.0710 (+4.61%).

2014 Avg (November) 1.6095

2013 Avg (November) 1.5386

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5054	1.4847	1.4979
February	1.5047	1.4763	1.4893
March	1.4823	1.4561	1.4663
April	1.4873	1.4687	1.4764
May	1.5095	1.4682	1.4874
June	1.5159	1.5049	1.5104
July	1.5175	1.5075	1.5138
August	1.5598	1.5146	1.5374
September	1.6075	1.5627	1.5808
October	1.6090	1.5855	1.5989
November	1.6258	1.5902	1.6095
December	1.6009	1.5697	1.5899