2019 BOB to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 BOB to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the BOB to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 8.1639. Conversely, the yearly low was recorded on January 9, dropping to 7.7497.
This high-to-low spread represents a total annual volatility of 0.4142 MKD. From a start-to-finish perspective, comparing the January average rate of 7.8124 to the December average rate of 8.0078, the exchange rate registered a net change of 2.50% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2019 high of 8.1639 was up 3.25% compared to the 2018 peak of 7.9069, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BOB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2019.
BOB to MKD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 7.8873, compared to 8.0178 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1305 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was June, with a trading range of 0.2128 MKD (High: 8.0258 / Low: 7.8129). On the other end, May was the most stable month, with a tight range of 0.0851 MKD (High: 8.0120 / Low: 7.9269).
Growth Streaks & Declines
TrendsBetween 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 0.0801 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2019: 8.0811) against the same month in 2018 (average: 7.6439), the exchange rate shifted by +0.4372 (+5.72%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.8785 | 7.7497 | 7.8124 |
| February | 7.9195 | 7.7654 | 7.8516 |
| March | 7.9415 | 7.8189 | 7.8786 |
| April | 8.0036 | 7.8498 | 7.9213 |
| May | 8.0120 | 7.9269 | 7.9699 |
| June | 8.0258 | 7.8129 | 7.8898 |
| July | 7.9821 | 7.8111 | 7.9128 |
| August | 8.0596 | 7.9310 | 8.0031 |
| September | 8.1639 | 8.0314 | 8.0811 |
| October | 8.1605 | 7.9713 | 8.0488 |
| November | 8.0931 | 7.9691 | 8.0531 |
| December | 8.0878 | 7.9434 | 8.0078 |