2014 VUV to MKD Historical Review

YEARLY HIGH

0.5032 MKD

YEARLY LOW

0.4587 MKD

YEARLY AVERAGE

0.4815 MKD

2014 VUV to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the VUV to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 8, valuing the pair at 0.5032. Conversely, the yearly low was recorded on March 13, dropping to 0.4587.

This high-to-low spread represents a total annual volatility of 0.0445 MKD. From a start-to-finish perspective, comparing the January average rate of 0.4686 to the December average rate of 0.4890, the exchange rate registered a net change of 4.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.5032 was down 4.51% compared to the 2013 peak of 0.5270, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,516 MKD

2013 Average 2,480 MKD

Yearly Trough Low 2,294 MKD

Transaction Impact: A difference of 222.47 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.5037

0.4607

JanuMarcMayJulySeptNove

VUV 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 0.4715, compared to 0.4914 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0199 points.

H1 Avg (Jan–Jun) 0.4715

H2 Avg (Jul–Dec) 0.4914

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0189 MKD (High: 0.4993 / Low: 0.4804). On the other end, July was the most stable month, with a tight range of 0.0042 MKD (High: 0.4849 / Low: 0.4807).

December Spread (Volatile) ±0.0189

July Spread (Stable) ±0.0042

Growth Streaks & Declines

Trends

Between March and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0111 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0111

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 0.5001) against the same month in 2013 (average: 0.4786), the exchange rate shifted by +0.0215 (+4.49%).

2014 Avg (November) 0.5001

2013 Avg (November) 0.4786

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4737	0.4605	0.4686
February	0.4743	0.4633	0.4676
March	0.4737	0.4587	0.4643
April	0.4774	0.4679	0.4737
May	0.4807	0.4680	0.4752
June	0.4838	0.4724	0.4797
July	0.4849	0.4807	0.4830
August	0.4912	0.4841	0.4883
September	0.5009	0.4894	0.4956
October	0.4984	0.4891	0.4924
November	0.5032	0.4948	0.5001
December	0.4993	0.4804	0.4890