2018 GNF to MKD Historical Review

YEARLY HIGH

0.0060 MKD

YEARLY LOW

0.0055 MKD

YEARLY AVERAGE

0.0058 MKD

2018 GNF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the GNF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 17, valuing the pair at 0.0060. Conversely, the yearly low was recorded on February 1, dropping to 0.0055.

This high-to-low spread represents a total annual volatility of 0.0006 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0056 to the December average rate of 0.0059, the exchange rate registered a net change of 5.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.0060 was down 5.11% compared to the 2017 peak of 0.0064, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 30 MKD

2017 Average 30 MKD

Yearly Trough Low 27 MKD

Transaction Impact: A difference of 2.86 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.0060

0.0055

JanuMarcMayJulySeptNove

GNF 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 0.0056, compared to 0.0059 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0056

H2 Avg (Jul–Dec) 0.0059

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 0.0003 MKD (High: 0.0059 / Low: 0.0057). On the other end, July was the most stable month, with a tight range of 0.0001 MKD (High: 0.0059 / Low: 0.0058).

May Spread (Volatile) ±0.0003

July Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between February and June, 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 August and September, when the average rate fell by 0.0001 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2018: 0.0059) against the same month in 2017 (average: 0.0058), the exchange rate shifted by +0.0001 (+0.99%).

2018 Avg (August) 0.0059

2017 Avg (August) 0.0058

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0057	0.0055	0.0056
February	0.0056	0.0055	0.0055
March	0.0056	0.0055	0.0055
April	0.0057	0.0055	0.0056
May	0.0059	0.0057	0.0058
June	0.0059	0.0058	0.0058
July	0.0059	0.0058	0.0058
August	0.0060	0.0058	0.0059
September	0.0059	0.0058	0.0058
October	0.0060	0.0058	0.0059
November	0.0060	0.0059	0.0059
December	0.0060	0.0058	0.0059