2019 GMD to MKD Historical Review

YEARLY HIGH

1.1252 MKD

YEARLY LOW

1.0700 MKD

YEARLY AVERAGE

1.0972 MKD

2019 GMD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the GMD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 1.1252. Conversely, the yearly low was recorded on December 31, dropping to 1.0700.

This high-to-low spread represents a total annual volatility of 0.0552 MKD. From a start-to-finish perspective, comparing the January average rate of 1.0903 to the December average rate of 1.0783, the exchange rate registered a net change of -1.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 1.1252 was down 0.55% compared to the 2018 peak of 1.1313, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,626 MKD

2018 Average 5,424 MKD

Yearly Trough Low 5,350 MKD

Transaction Impact: A difference of 275.88 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

1.1126

1.0752

JanuMarcMayJulySeptNove

GMD 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 1.0994, compared to 1.0950 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0044 points.

H1 Avg (Jan–Jun) 1.0994

H2 Avg (Jul–Dec) 1.0950

Volatility Range Comparison

Volatility

The most volatile month in 2019 was October, with a trading range of 0.0358 MKD (High: 1.1141 / Low: 1.0783). On the other end, May was the most stable month, with a tight range of 0.0076 MKD (High: 1.1131 / Low: 1.1055).

October Spread (Volatile) ±0.0358

May Spread (Stable) ±0.0076

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 September and October, when the average rate fell by 0.0118 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0118

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2019: 1.1086) against the same month in 2018 (average: 1.0891), the exchange rate shifted by +0.0195 (+1.79%).

2019 Avg (September) 1.1086

2018 Avg (September) 1.0891

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0959	1.0814	1.0903
February	1.1048	1.0842	1.0954
March	1.1064	1.0879	1.0968
April	1.1133	1.0966	1.1049
May	1.1131	1.1055	1.1095
June	1.1142	1.0873	1.0998
July	1.1046	1.0903	1.0970
August	1.1102	1.0917	1.1020
September	1.1252	1.0946	1.1086
October	1.1141	1.0783	1.0968
November	1.0972	1.0763	1.0876
December	1.0906	1.0700	1.0783