2014 ZAR to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2014.
2014 ZAR to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2014
During 2014, the ZAR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 4.5335. Conversely, the yearly low was recorded on January 29, dropping to 4.0095.
This high-to-low spread represents a total annual volatility of 0.5240 MKD. From a start-to-finish perspective, comparing the January average rate of 4.1641 to the December average rate of 4.3461, the exchange rate registered a net change of 4.37% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2014 high of 4.5335 was down 18.72% compared to the 2013 peak of 5.5776, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 ZAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2014.
ZAR to MKD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 4.2038, compared to 4.3527 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1489 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2014 was December, with a trading range of 0.2585 MKD (High: 4.4905 / Low: 4.2320). On the other end, June was the most stable month, with a tight range of 0.0890 MKD (High: 4.2845 / Low: 4.1955).
Growth Streaks & Declines
TrendsBetween June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1156 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2014: 4.4617) against the same month in 2013 (average: 4.4576), the exchange rate shifted by +0.0041 (+0.09%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.2536 | 4.0095 | 4.1641 |
| February | 4.2096 | 4.0525 | 4.1190 |
| March | 4.2440 | 4.0863 | 4.1506 |
| April | 4.2964 | 4.1750 | 4.2306 |
| May | 4.3830 | 4.2162 | 4.3092 |
| June | 4.2845 | 4.1955 | 4.2494 |
| July | 4.3258 | 4.2052 | 4.2570 |
| August | 4.3890 | 4.2559 | 4.3262 |
| September | 4.4355 | 4.2877 | 4.3371 |
| October | 4.4897 | 4.3044 | 4.3881 |
| November | 4.5335 | 4.3909 | 4.4617 |
| December | 4.4905 | 4.2320 | 4.3461 |