2026 GEL to MKD Historical Review

YEARLY HIGH

20.6453 MKD

YEARLY LOW

19.0234 MKD

YEARLY AVERAGE

19.8889 MKD

2026 GEL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2026

During 2026, the GEL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 28, valuing the pair at 20.6453. Conversely, the yearly low was recorded on January 27, dropping to 19.0234.

This high-to-low spread represents a total annual volatility of 1.6219 MKD. From a start-to-finish perspective, comparing the January average rate of 19.5065 to the December average rate of 20.3779, the exchange rate registered a net change of 4.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2026 high of 20.6453 was down 3.69% compared to the 2025 peak of 21.4356, 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 103,227 MKD

2025 Average 99,529 MKD

Yearly Trough Low 95,117 MKD

Transaction Impact: A difference of 8,109.61 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2026.

20.6127

19.3220

JanuMarcMayJuly

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 19.7047, compared to 20.4415 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7368 points.

H1 Avg (Jan–Jun) 19.7047

H2 Avg (Jul–Dec) 20.4415

Volatility Range Comparison

Volatility

The most volatile month in 2026 was June, with a trading range of 0.7543 MKD (High: 20.5479 / Low: 19.7936). On the other end, August was the most stable month, with a tight range of 0.0382 MKD (High: 20.3934 / Low: 20.3552).

June Spread (Volatile) ±0.7543

August Spread (Stable) ±0.0382

Growth Streaks & Declines

Trends

Between April and July, 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 July and August, when the average rate fell by 0.1272 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1272

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2026: 20.5051) against the same month in 2025 (average: 19.4180), the exchange rate shifted by +1.0871 (+5.60%).

2026 Avg (July) 20.5051

2025 Avg (July) 19.4180

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.7232	19.0234	19.5065
February	19.6049	19.2494	19.4295
March	20.0778	19.4335	19.6642
April	19.9409	19.3625	19.6120
May	19.9245	19.6136	19.8285
June	20.5479	19.7936	20.1874
July	20.6453	20.3868	20.5051
August	20.3934	20.3552	20.3779