2019 GEL to MKD Historical Review

YEARLY HIGH

20.7753 MKD

YEARLY LOW

18.5788 MKD

YEARLY AVERAGE

19.5475 MKD

2019 GEL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the GEL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 15, valuing the pair at 20.7753. Conversely, the yearly low was recorded on July 31, dropping to 18.5788.

This high-to-low spread represents a total annual volatility of 2.1965 MKD. From a start-to-finish perspective, comparing the January average rate of 20.2675 to the December average rate of 19.1448, the exchange rate registered a net change of -5.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 20.7753 was down 6.93% compared to the 2018 peak of 22.3222, 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 103,877 MKD

2018 Average 105,008 MKD

Yearly Trough Low 92,894 MKD

Transaction Impact: A difference of 10,982.35 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

20.6303

18.5931

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 20.1759, compared to 18.9191 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2568 points.

H1 Avg (Jan–Jun) 20.1759

H2 Avg (Jul–Dec) 18.9191

Volatility Range Comparison

Volatility

The most volatile month in 2019 was June, with a trading range of 1.0655 MKD (High: 20.0064 / Low: 18.9408). On the other end, March was the most stable month, with a tight range of 0.2858 MKD (High: 20.4419 / Low: 20.1560).

June Spread (Volatile) ±1.0655

March Spread (Stable) ±0.2858

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 June and July, when the average rate fell by 0.5981 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.5981

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2019: 20.4606) against the same month in 2018 (average: 20.2826), the exchange rate shifted by +0.1780 (+0.88%).

2019 Avg (February) 20.4606

2018 Avg (February) 20.2826

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.4025	20.0536	20.2675
February	20.7753	20.1193	20.4606
March	20.4419	20.1560	20.2933
April	20.4554	20.1403	20.3299
May	20.3468	19.6661	20.0182
June	20.0064	18.9408	19.6858
July	19.6280	18.5788	19.0877
August	19.0021	18.6868	18.8739
September	19.0660	18.6634	18.8653
October	18.9940	18.5882	18.7800
November	18.9009	18.6006	18.7629
December	19.4327	18.7088	19.1448