2018 GHS to MKD Historical Review

YEARLY HIGH

11.5394 MKD

YEARLY LOW

10.4688 MKD

YEARLY AVERAGE

11.1429 MKD

2018 GHS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the GHS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 18, valuing the pair at 11.5394. Conversely, the yearly low was recorded on September 25, dropping to 10.4688.

This high-to-low spread represents a total annual volatility of 1.0706 MKD. From a start-to-finish perspective, comparing the January average rate of 11.1169 to the December average rate of 11.0018, the exchange rate registered a net change of -1.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 11.5394 was down 17.31% compared to the 2017 peak of 13.9546, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 57,697 MKD

2017 Average 62,136 MKD

Yearly Trough Low 52,344 MKD

Transaction Impact: A difference of 5,352.89 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

11.4366

10.9509

JanuMarcMayJulySeptNove

GHS 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 11.2278, compared to 11.0579 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1699 points.

H1 Avg (Jan–Jun) 11.2278

H2 Avg (Jul–Dec) 11.0579

Volatility Range Comparison

Volatility

The most volatile month in 2018 was September, with a trading range of 0.8242 MKD (High: 11.2930 / Low: 10.4688). On the other end, July was the most stable month, with a tight range of 0.1860 MKD (High: 11.0649 / Low: 10.8789).

September Spread (Volatile) ±0.8242

July Spread (Stable) ±0.1860

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.2618 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.2618

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2018: 11.3962) against the same month in 2017 (average: 13.0144), the exchange rate shifted by -1.6183 (-12.43%).

2018 Avg (May) 11.3962

2017 Avg (May) 13.0144

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.3302	10.9197	11.1169
February	11.3345	10.9044	11.1568
March	11.3715	11.1314	11.2672
April	11.4189	11.1930	11.2956
May	11.5394	11.1865	11.3962
June	11.2583	11.0176	11.1344
July	11.0649	10.8789	10.9914
August	11.3102	10.9576	11.1261
September	11.2930	10.4688	11.0402
October	11.2344	10.7968	11.0553
November	11.3995	10.9788	11.1325
December	11.2914	10.8275	11.0018