2019 AOA to MKD Historical Review

YEARLY HIGH

0.1753 MKD

YEARLY LOW

0.1109 MKD

YEARLY AVERAGE

0.1542 MKD

2019 AOA to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the AOA to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.1753. Conversely, the yearly low was recorded on November 3, dropping to 0.1109.

This high-to-low spread represents a total annual volatility of 0.0643 MKD. From a start-to-finish perspective, comparing the January average rate of 0.1740 to the December average rate of 0.1163, the exchange rate registered a net change of -33.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.1753 was down 43.29% compared to the 2018 peak of 0.3091, 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 876 MKD

2018 Average 1,061 MKD

Yearly Trough Low 555 MKD

Transaction Impact: A difference of 321.69 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.1798

0.1105

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 0.1702, compared to 0.1382 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0320 points.

H1 Avg (Jan–Jun) 0.1702

H2 Avg (Jul–Dec) 0.1382

Volatility Range Comparison

Volatility

The most volatile month in 2019 was October, with a trading range of 0.0376 MKD (High: 0.1488 / Low: 0.1113). On the other end, July was the most stable month, with a tight range of 0.0023 MKD (High: 0.1596 / Low: 0.1572).

October Spread (Volatile) ±0.0376

July Spread (Stable) ±0.0023

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2019. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0205 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0205

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2019: 0.1740) against the same month in 2018 (average: 0.2836), the exchange rate shifted by -0.1097 (-38.66%).

2019 Avg (January) 0.1740

2018 Avg (January) 0.2836

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1753	0.1723	0.1740
February	0.1744	0.1719	0.1731
March	0.1741	0.1704	0.1723
April	0.1732	0.1701	0.1717
May	0.1700	0.1666	0.1684
June	0.1674	0.1587	0.1615
July	0.1596	0.1572	0.1580
August	0.1577	0.1511	0.1537
September	0.1548	0.1493	0.1520
October	0.1488	0.1113	0.1314
November	0.1211	0.1109	0.1176
December	0.1208	0.1133	0.1163