2018 AFN to MKD Historical Review

YEARLY HIGH

0.8434 MKD

YEARLY LOW

0.6900 MKD

YEARLY AVERAGE

0.7207 MKD

2018 AFN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the AFN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 0.8434. Conversely, the yearly low was recorded on September 20, dropping to 0.6900.

This high-to-low spread represents a total annual volatility of 0.1533 MKD. From a start-to-finish perspective, comparing the January average rate of 0.7233 to the December average rate of 0.7158, the exchange rate registered a net change of -1.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.8434 was down 4.63% compared to the 2017 peak of 0.8843, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,217 MKD

2017 Average 4,022 MKD

Yearly Trough Low 3,450 MKD

Transaction Impact: A difference of 766.61 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.7369

0.7021

JanuMarcMayJulySeptNove

AFN 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 0.7241, compared to 0.7174 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0066 points.

H1 Avg (Jan–Jun) 0.7241

H2 Avg (Jul–Dec) 0.7174

Volatility Range Comparison

Volatility

The most volatile month in 2018 was November, with a trading range of 0.1366 MKD (High: 0.8434 / Low: 0.7068). On the other end, March was the most stable month, with a tight range of 0.0101 MKD (High: 0.7230 / Low: 0.7129).

November Spread (Volatile) ±0.1366

March Spread (Stable) ±0.0101

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0290 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0290

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2018: 0.7191) against the same month in 2017 (average: 0.7638), the exchange rate shifted by -0.0447 (-5.85%).

2018 Avg (November) 0.7191

2017 Avg (November) 0.7638

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7382	0.7133	0.7233
February	0.7263	0.7086	0.7193
March	0.7230	0.7129	0.7188
April	0.7248	0.7077	0.7170
May	0.7467	0.7245	0.7329
June	0.7425	0.7199	0.7330
July	0.7393	0.7122	0.7230
August	0.7453	0.7156	0.7340
September	0.7219	0.6900	0.7050
October	0.7241	0.6986	0.7078
November	0.8434	0.7068	0.7191
December	0.7219	0.7111	0.7158