2019 GHS to MKD Historical Review

YEARLY HIGH

11.2180 MKD

YEARLY LOW

3.7952 MKD

YEARLY AVERAGE

10.2444 MKD

2019 GHS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the GHS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 11.2180. Conversely, the yearly low was recorded on May 19, dropping to 3.7952.

This high-to-low spread represents a total annual volatility of 7.4228 MKD. From a start-to-finish perspective, comparing the January average rate of 11.0143 to the December average rate of 9.7146, the exchange rate registered a net change of -11.80% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 11.2180 was down 2.79% compared to the 2018 peak of 11.5394, 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 56,090 MKD

2018 Average 55,713 MKD

Yearly Trough Low 18,976 MKD

Transaction Impact: A difference of 37,114.09 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

11.1443

9.5846

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 10.4075, compared to 10.0812 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3263 points.

H1 Avg (Jan–Jun) 10.4075

H2 Avg (Jul–Dec) 10.0812

Volatility Range Comparison

Volatility

The most volatile month in 2019 was May, with a trading range of 6.9079 MKD (High: 10.7031 / Low: 3.7952). On the other end, November was the most stable month, with a tight range of 0.1624 MKD (High: 10.1205 / Low: 9.9581).

May Spread (Volatile) ±6.9079

November Spread (Stable) ±0.1624

Growth Streaks & Declines

Trends

Between June and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.6933 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.6933

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2019: 11.0143) against the same month in 2018 (average: 11.1169), the exchange rate shifted by -0.1025 (-0.92%).

2019 Avg (January) 11.0143

2018 Avg (January) 11.1169

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.2180	10.7954	11.0143
February	10.8031	9.8709	10.3210
March	10.6649	9.6349	10.0468
April	10.8138	10.1329	10.5804
May	10.7031	3.7952	10.3756
June	10.2696	9.8818	10.1068
July	10.2595	9.9998	10.1480
August	10.3071	10.1126	10.1902
September	10.4034	10.1151	10.1854
October	10.4694	10.0380	10.2065
November	10.1205	9.9581	10.0428
December	9.9494	9.5696	9.7146