2014 TZS to MKD Historical Review

YEARLY HIGH

0.0296 MKD

YEARLY LOW

0.0268 MKD

YEARLY AVERAGE

0.0279 MKD

2014 TZS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TZS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 0.0296. Conversely, the yearly low was recorded on May 7, dropping to 0.0268.

This high-to-low spread represents a total annual volatility of 0.0027 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0281 to the December average rate of 0.0289, the exchange rate registered a net change of 3.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0296 was down 0.82% compared to the 2013 peak of 0.0298, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 148 MKD

2013 Average 144 MKD

Yearly Trough Low 134 MKD

Transaction Impact: A difference of 13.67 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0291

0.0268

JanuMarcMayJulySeptNove

TZS 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 0.0274, compared to 0.0283 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0274

H2 Avg (Jul–Dec) 0.0283

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0012 MKD (High: 0.0296 / Low: 0.0284). On the other end, July was the most stable month, with a tight range of 0.0003 MKD (High: 0.0274 / Low: 0.0272).

December Spread (Volatile) ±0.0012

July Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between June and October, 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 0.0005 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0289) against the same month in 2013 (average: 0.0281), the exchange rate shifted by +0.0008 (+2.83%).

2014 Avg (December) 0.0289

2013 Avg (December) 0.0281

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0285	0.0278	0.0281
February	0.0281	0.0275	0.0278
March	0.0276	0.0271	0.0273
April	0.0276	0.0270	0.0273
May	0.0273	0.0268	0.0271
June	0.0273	0.0269	0.0270
July	0.0274	0.0272	0.0273
August	0.0280	0.0274	0.0277
September	0.0292	0.0281	0.0286
October	0.0292	0.0283	0.0288
November	0.0291	0.0284	0.0287
December	0.0296	0.0284	0.0289