2018 AOA to MKD Historical Review

YEARLY HIGH

0.3091 MKD

YEARLY LOW

0.1732 MKD

YEARLY AVERAGE

0.2122 MKD

2018 AOA to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the AOA to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.3091. Conversely, the yearly low was recorded on November 19, dropping to 0.1732.

This high-to-low spread represents a total annual volatility of 0.1359 MKD. From a start-to-finish perspective, comparing the January average rate of 0.2836 to the December average rate of 0.1751, the exchange rate registered a net change of -38.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.3091 was down 13.24% compared to the 2017 peak of 0.3562, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,545 MKD

2017 Average 1,646 MKD

Yearly Trough Low 866 MKD

Transaction Impact: A difference of 679.62 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.2946

0.1637

JanuMarcMayJulySeptNove

AOA 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 0.2377, compared to 0.1868 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0509 points.

H1 Avg (Jan–Jun) 0.2377

H2 Avg (Jul–Dec) 0.1868

Volatility Range Comparison

Volatility

The most volatile month in 2018 was January, with a trading range of 0.0701 MKD (High: 0.3091 / Low: 0.2390). On the other end, December was the most stable month, with a tight range of 0.0027 MKD (High: 0.1767 / Low: 0.1741).

January Spread (Volatile) ±0.0701

December Spread (Stable) ±0.0027

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2018. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0462 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0462

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2018: 0.2836) against the same month in 2017 (average: 0.3489), the exchange rate shifted by -0.0652 (-18.69%).

2018 Avg (January) 0.2836

2017 Avg (January) 0.3489

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3091	0.2390	0.2836
February	0.2405	0.2333	0.2374
March	0.2350	0.2311	0.2332
April	0.2345	0.2256	0.2301
May	0.2281	0.2199	0.2243
June	0.2214	0.2117	0.2174
July	0.2130	0.2050	0.2080
August	0.2078	0.1911	0.2008
September	0.1921	0.1802	0.1851
October	0.1795	0.1754	0.1769
November	0.1762	0.1732	0.1746
December	0.1767	0.1741	0.1751