2019 AZN to MKD Historical Review

YEARLY HIGH

33.1486 MKD

YEARLY LOW

31.4648 MKD

YEARLY AVERAGE

32.2817 MKD

2019 AZN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the AZN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 33.1486. Conversely, the yearly low was recorded on January 9, dropping to 31.4648.

This high-to-low spread represents a total annual volatility of 1.6838 MKD. From a start-to-finish perspective, comparing the January average rate of 31.7013 to the December average rate of 32.5118, the exchange rate registered a net change of 2.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 33.1486 was up 3.32% compared to the 2018 peak of 32.0835, 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 165,743 MKD

2018 Average 153,453 MKD

Yearly Trough Low 157,324 MKD

Transaction Impact: A difference of 8,419.00 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

32.9113

31.5913

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 32.0154, compared to 32.5479 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5325 points.

H1 Avg (Jan–Jun) 32.0154

H2 Avg (Jul–Dec) 32.5479

Volatility Range Comparison

Volatility

The most volatile month in 2019 was June, with a trading range of 0.7715 MKD (High: 32.4945 / Low: 31.7230). On the other end, May was the most stable month, with a tight range of 0.3336 MKD (High: 32.5070 / Low: 32.1734).

June Spread (Volatile) ±0.7715

May Spread (Stable) ±0.3336

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.3167 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.3167

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2019: 32.8013) against the same month in 2018 (average: 31.0480), the exchange rate shifted by +1.7533 (+5.65%).

2019 Avg (September) 32.8013

2018 Avg (September) 31.0480

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.8246	31.4648	31.7013
February	32.1545	31.5233	31.8764
March	32.2029	31.7313	31.9659
April	32.4539	31.8814	32.1796
May	32.5070	32.1734	32.3430
June	32.4945	31.7230	32.0263
July	32.4107	31.8327	32.1257
August	32.7106	32.1234	32.4632
September	33.1486	32.4486	32.8013
October	33.0458	32.3796	32.6841
November	32.8429	32.3675	32.7013
December	32.7853	32.2096	32.5118