2018 AZN to MKD Historical Review

YEARLY HIGH

32.0835 MKD

YEARLY LOW

28.9529 MKD

YEARLY AVERAGE

30.6826 MKD

2018 AZN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the AZN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 32.0835. Conversely, the yearly low was recorded on February 1, dropping to 28.9529.

This high-to-low spread represents a total annual volatility of 3.1306 MKD. From a start-to-finish perspective, comparing the January average rate of 29.8268 to the December average rate of 31.7796, the exchange rate registered a net change of 6.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 32.0835 was down 7.95% compared to the 2017 peak of 34.8529, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 160,418 MKD

2017 Average 158,793 MKD

Yearly Trough Low 144,765 MKD

Transaction Impact: A difference of 15,652.83 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

32.0246

29.2130

JanuMarcMayJulySeptNove

AZN 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 29.9645, compared to 31.4007 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.4362 points.

H1 Avg (Jan–Jun) 29.9645

H2 Avg (Jul–Dec) 31.4007

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 1.3696 MKD (High: 31.3369 / Low: 29.9672). On the other end, July was the most stable month, with a tight range of 0.3044 MKD (High: 31.0680 / Low: 30.7636).

May Spread (Volatile) ±1.3696

July Spread (Stable) ±0.3044

Growth Streaks & Declines

Trends

Between March and August, 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 August and September, when the average rate fell by 0.3073 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.3073

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2018: 31.7903) against the same month in 2017 (average: 30.8671), the exchange rate shifted by +0.9232 (+2.99%).

2018 Avg (November) 31.7903

2017 Avg (November) 30.8671

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	30.5414	29.1934	29.8268
February	29.9156	28.9529	29.5316
March	29.7194	29.0298	29.4473
April	29.9442	29.2085	29.4799
May	31.3369	29.9672	30.5974
June	31.2805	30.5701	30.9039
July	31.0680	30.7636	30.9464
August	31.8911	30.8899	31.3553
September	31.3040	30.7148	31.0480
October	31.9409	31.1804	31.4844
November	32.0835	31.5378	31.7903
December	32.0399	31.5509	31.7796