2019 AFN to MKD Historical Review

YEARLY HIGH

0.7348 MKD

YEARLY LOW

0.6639 MKD

YEARLY AVERAGE

0.7060 MKD

2019 AFN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the AFN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 15, valuing the pair at 0.7348. Conversely, the yearly low was recorded on July 1, dropping to 0.6639.

This high-to-low spread represents a total annual volatility of 0.0708 MKD. From a start-to-finish perspective, comparing the January average rate of 0.7150 to the December average rate of 0.7047, the exchange rate registered a net change of -1.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.7348 was down 12.87% compared to the 2018 peak of 0.8434, 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 3,674 MKD

2018 Average 3,604 MKD

Yearly Trough Low 3,320 MKD

Transaction Impact: A difference of 354.23 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.7290

0.6755

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 0.7079, compared to 0.7041 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0038 points.

H1 Avg (Jan–Jun) 0.7079

H2 Avg (Jul–Dec) 0.7041

Volatility Range Comparison

Volatility

The most volatile month in 2019 was June, with a trading range of 0.0327 MKD (High: 0.6972 / Low: 0.6645). On the other end, November was the most stable month, with a tight range of 0.0091 MKD (High: 0.7145 / Low: 0.7054).

June Spread (Volatile) ±0.0327

November Spread (Stable) ±0.0091

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0173 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0173

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2019: 0.7245) against the same month in 2018 (average: 0.7193), the exchange rate shifted by +0.0053 (+0.73%).

2019 Avg (February) 0.7245

2018 Avg (February) 0.7193

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7187	0.7056	0.7150
February	0.7348	0.7130	0.7245
March	0.7324	0.7134	0.7218
April	0.7230	0.6993	0.7090
May	0.7100	0.6845	0.6972
June	0.6972	0.6645	0.6800
July	0.6940	0.6639	0.6809
August	0.7144	0.6918	0.7037
September	0.7208	0.7080	0.7134
October	0.7211	0.7043	0.7111
November	0.7145	0.7054	0.7108
December	0.7101	0.6990	0.7047