2019 CVE to MKD Historical Review

YEARLY HIGH

0.5615 MKD

YEARLY LOW

0.5483 MKD

YEARLY AVERAGE

0.5563 MKD

2019 CVE to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the CVE to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 0.5615. Conversely, the yearly low was recorded on August 25, dropping to 0.5483.

This high-to-low spread represents a total annual volatility of 0.0132 MKD. From a start-to-finish perspective, comparing the January average rate of 0.5575 to the December average rate of 0.5550, the exchange rate registered a net change of -0.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.5615 was down 0.73% compared to the 2018 peak of 0.5656, 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 2,808 MKD

2018 Average 2,783 MKD

Yearly Trough Low 2,741 MKD

Transaction Impact: A difference of 66.13 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.5577

0.5547

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 0.5567, compared to 0.5560 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.5567

H2 Avg (Jul–Dec) 0.5560

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.0123 MKD (High: 0.5606 / Low: 0.5483). On the other end, May was the most stable month, with a tight range of 0.0033 MKD (High: 0.5586 / Low: 0.5552).

August Spread (Volatile) ±0.0123

May Spread (Stable) ±0.0033

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2019. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0010 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2019: 0.5575) against the same month in 2018 (average: 0.5559), the exchange rate shifted by +0.0015 (+0.27%).

2019 Avg (January) 0.5575

2018 Avg (January) 0.5559

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5615	0.5551	0.5575
February	0.5597	0.5555	0.5573
March	0.5587	0.5550	0.5563
April	0.5588	0.5541	0.5563
May	0.5586	0.5552	0.5568
June	0.5591	0.5524	0.5559
July	0.5605	0.5497	0.5557
August	0.5606	0.5483	0.5568
September	0.5592	0.5514	0.5566
October	0.5582	0.5512	0.5559
November	0.5581	0.5529	0.5558
December	0.5568	0.5525	0.5550