2025 HNL to MKD Historical Review

YEARLY HIGH

2.3618 MKD

YEARLY LOW

1.9796 MKD

YEARLY AVERAGE

2.0988 MKD

2025 HNL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2025

During 2025, the HNL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 2.3618. Conversely, the yearly low was recorded on December 30, dropping to 1.9796.

This high-to-low spread represents a total annual volatility of 0.3822 MKD. From a start-to-finish perspective, comparing the January average rate of 2.3338 to the December average rate of 1.9972, the exchange rate registered a net change of -14.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2025 high of 2.3618 was up 0.64% compared to the 2024 peak of 2.3468, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,809 MKD

2024 Average 11,443 MKD

Yearly Trough Low 9,898 MKD

Transaction Impact: A difference of 1,911.12 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2025.

2.3675

1.9635

JanuMarcMayJulySeptNove

HNL 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 2.1881, compared to 2.0096 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1786 points.

H1 Avg (Jan–Jun) 2.1881

H2 Avg (Jul–Dec) 2.0096

Volatility Range Comparison

Volatility

The most volatile month in 2025 was April, with a trading range of 0.1528 MKD (High: 2.2287 / Low: 2.0759). On the other end, November was the most stable month, with a tight range of 0.0244 MKD (High: 2.0365 / Low: 2.0121).

April Spread (Volatile) ±0.1528

November Spread (Stable) ±0.0244

Growth Streaks & Declines

Trends

Between September and November, 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 March and April, when the average rate fell by 0.0971 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0971

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2025: 2.3338) against the same month in 2024 (average: 2.2844), the exchange rate shifted by +0.0494 (+2.16%).

2025 Avg (January) 2.3338

2024 Avg (January) 2.2844

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3618	2.2904	2.3338
February	2.3327	2.2810	2.3064
March	2.3120	2.1862	2.2217
April	2.2287	2.0759	2.1245
May	2.1460	2.0748	2.0975
June	2.0799	1.9928	2.0449
July	2.0476	1.9874	2.0041
August	2.0465	1.9937	2.0127
September	2.0155	1.9870	2.0028
October	2.0282	2.0010	2.0174
November	2.0365	2.0121	2.0233
December	2.0172	1.9796	1.9972