2018 GEL to MKD Historical Review

YEARLY HIGH

22.3222 MKD

YEARLY LOW

19.5199 MKD

YEARLY AVERAGE

20.9984 MKD

2018 GEL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the GEL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 22.3222. Conversely, the yearly low was recorded on January 24, dropping to 19.5199.

This high-to-low spread represents a total annual volatility of 2.8023 MKD. From a start-to-finish perspective, comparing the January average rate of 19.7366 to the December average rate of 20.3214, the exchange rate registered a net change of 2.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 22.3222 was down 8.43% compared to the 2017 peak of 24.3769, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 111,611 MKD

2017 Average 109,424 MKD

Yearly Trough Low 97,600 MKD

Transaction Impact: A difference of 14,011.28 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

22.1120

19.5206

JanuMarcMayJulySeptNove

GEL 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 20.6111, compared to 21.3858 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7747 points.

H1 Avg (Jan–Jun) 20.6111

H2 Avg (Jul–Dec) 21.3858

Volatility Range Comparison

Volatility

The most volatile month in 2018 was November, with a trading range of 2.0548 MKD (High: 22.3222 / Low: 20.2674). On the other end, July was the most stable month, with a tight range of 0.2169 MKD (High: 21.6194 / Low: 21.4025).

November Spread (Volatile) ±2.0548

July Spread (Stable) ±0.2169

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 1.0986 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -1.0986

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2018: 21.4200) against the same month in 2017 (average: 20.3395), the exchange rate shifted by +1.0805 (+5.31%).

2018 Avg (November) 21.4200

2017 Avg (November) 20.3395

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.1088	19.5199	19.7366
February	20.6117	19.8548	20.2826
March	20.5731	20.1750	20.4057
April	20.7988	20.3959	20.5814
May	21.5517	20.7951	21.2277
June	21.7135	21.1676	21.4325
July	21.6194	21.4025	21.5264
August	22.1725	21.2096	21.6322
September	21.7799	21.3032	21.5185
October	22.2230	21.6159	21.8961
November	22.3222	20.2674	21.4200
December	20.4976	20.0431	20.3214