2018 CVE to MKD Historical Review

YEARLY HIGH

0.5656 MKD

YEARLY LOW

0.5461 MKD

YEARLY AVERAGE

0.5567 MKD

2018 CVE to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the CVE to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 10, valuing the pair at 0.5656. Conversely, the yearly low was recorded on June 17, dropping to 0.5461.

This high-to-low spread represents a total annual volatility of 0.0195 MKD. From a start-to-finish perspective, comparing the January average rate of 0.5559 to the December average rate of 0.5568, the exchange rate registered a net change of 0.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.5656 was down 0.15% compared to the 2017 peak of 0.5665, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,828 MKD

2017 Average 2,784 MKD

Yearly Trough Low 2,731 MKD

Transaction Impact: A difference of 97.61 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.5580

0.5549

JanuMarcMayJulySeptNove

CVE 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 0.5563, compared to 0.5571 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.5563

H2 Avg (Jul–Dec) 0.5571

Volatility Range Comparison

Volatility

The most volatile month in 2018 was June, with a trading range of 0.0127 MKD (High: 0.5588 / Low: 0.5461). On the other end, April was the most stable month, with a tight range of 0.0046 MKD (High: 0.5589 / Low: 0.5543).

June Spread (Volatile) ±0.0127

April Spread (Stable) ±0.0046

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0025 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0025

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2018: 0.5574) against the same month in 2017 (average: 0.5577), the exchange rate shifted by -0.0004 (-0.07%).

2018 Avg (August) 0.5574

2017 Avg (August) 0.5577

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5612	0.5518	0.5559
February	0.5595	0.5530	0.5565
March	0.5583	0.5530	0.5564
April	0.5589	0.5543	0.5563
May	0.5615	0.5541	0.5577
June	0.5588	0.5461	0.5552
July	0.5617	0.5537	0.5571
August	0.5656	0.5539	0.5574
September	0.5615	0.5524	0.5575
October	0.5611	0.5538	0.5566
November	0.5613	0.5538	0.5570
December	0.5614	0.5541	0.5568