2019 CDF to MKD Historical Review

YEARLY HIGH

0.0339 MKD

YEARLY LOW

0.0325 MKD

YEARLY AVERAGE

0.0333 MKD

2019 CDF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the CDF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 1, valuing the pair at 0.0339. Conversely, the yearly low was recorded on December 31, dropping to 0.0325.

This high-to-low spread represents a total annual volatility of 0.0014 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0330 to the December average rate of 0.0330, the exchange rate registered a net change of -0.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.0339 was up 0.19% compared to the 2018 peak of 0.0339, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 170 MKD

2018 Average 161 MKD

Yearly Trough Low 163 MKD

Transaction Impact: A difference of 7.08 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.0336

0.0329

JanuMarcMayJulySeptNove

CDF 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 0.0332, compared to 0.0333 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0332

H2 Avg (Jul–Dec) 0.0333

Volatility Range Comparison

Volatility

The most volatile month in 2019 was December, with a trading range of 0.0010 MKD (High: 0.0335 / Low: 0.0325). On the other end, May was the most stable month, with a tight range of 0.0003 MKD (High: 0.0336 / Low: 0.0334).

December Spread (Volatile) ±0.0010

May Spread (Stable) ±0.0003

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 0.0005 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2019: 0.0335) against the same month in 2018 (average: 0.0329), the exchange rate shifted by +0.0005 (+1.65%).

2019 Avg (October) 0.0335

2018 Avg (October) 0.0329

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0333	0.0325	0.0330
February	0.0335	0.0328	0.0331
March	0.0336	0.0329	0.0333
April	0.0338	0.0331	0.0334
May	0.0336	0.0334	0.0335
June	0.0335	0.0326	0.0330
July	0.0332	0.0327	0.0329
August	0.0336	0.0330	0.0334
September	0.0339	0.0333	0.0336
October	0.0339	0.0332	0.0335
November	0.0336	0.0333	0.0335
December	0.0335	0.0325	0.0330