2018 ETB to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 ETB to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the ETB to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 15, valuing the pair at 1.9651. Conversely, the yearly low was recorded on February 1, dropping to 1.7859.
This high-to-low spread represents a total annual volatility of 0.1792 MKD. From a start-to-finish perspective, comparing the January average rate of 1.8389 to the December average rate of 1.9189, the exchange rate registered a net change of 4.35% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 1.9651 was down 25.24% compared to the 2017 peak of 2.6284, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ETB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
ETB 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 1.8494, compared to 1.9206 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0712 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was May, with a trading range of 0.0863 MKD (High: 1.9373 / Low: 1.8510). On the other end, July was the most stable month, with a tight range of 0.0223 MKD (High: 1.9221 / Low: 1.8999).
Growth Streaks & Declines
TrendsBetween February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0250 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2018: 1.9314) against the same month in 2017 (average: 2.2368), the exchange rate shifted by -0.3055 (-13.66%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.8836 | 1.7988 | 1.8389 |
| February | 1.8348 | 1.7859 | 1.8139 |
| March | 1.8301 | 1.7939 | 1.8156 |
| April | 1.8522 | 1.8105 | 1.8260 |
| May | 1.9373 | 1.8510 | 1.8930 |
| June | 1.9328 | 1.8857 | 1.9088 |
| July | 1.9221 | 1.8999 | 1.9110 |
| August | 1.9651 | 1.9024 | 1.9314 |
| September | 1.9355 | 1.8728 | 1.9063 |
| October | 1.9631 | 1.9032 | 1.9227 |
| November | 1.9566 | 1.9162 | 1.9332 |
| December | 1.9427 | 1.8881 | 1.9189 |