2026 HNL to MKD Historical Review

YEARLY HIGH

2.0303 MKD

YEARLY LOW

1.9391 MKD

YEARLY AVERAGE

1.9937 MKD

2026 HNL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2026

During 2026, the HNL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 14, valuing the pair at 2.0303. Conversely, the yearly low was recorded on January 27, dropping to 1.9391.

This high-to-low spread represents a total annual volatility of 0.0912 MKD. From a start-to-finish perspective, comparing the January average rate of 1.9888 to the December average rate of 1.9924, the exchange rate registered a net change of 0.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2026 high of 2.0303 was down 14.04% compared to the 2025 peak of 2.3618, 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 10,151 MKD

2025 Average 10,488 MKD

Yearly Trough Low 9,695 MKD

Transaction Impact: A difference of 455.97 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2026.

2.0187

1.9657

JanuMarcMayJuly

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 1.9905, compared to 2.0034 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0129 points.

H1 Avg (Jan–Jun) 1.9905

H2 Avg (Jul–Dec) 2.0034

Volatility Range Comparison

Volatility

The most volatile month in 2026 was January, with a trading range of 0.0696 MKD (High: 2.0087 / Low: 1.9391). On the other end, August was the most stable month, with a tight range of 0.0084 MKD (High: 1.9963 / Low: 1.9880).

January Spread (Volatile) ±0.0696

August Spread (Stable) ±0.0084

Growth Streaks & Declines

Trends

Between April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0267 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0267

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2026: 2.0092) against the same month in 2025 (average: 2.2217), the exchange rate shifted by -0.2125 (-9.56%).

2026 Avg (March) 2.0092

2025 Avg (March) 2.2217

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0087	1.9391	1.9888
February	1.9810	1.9562	1.9701
March	2.0303	1.9722	2.0092
April	2.0201	1.9632	1.9824
May	1.9926	1.9746	1.9882
June	2.0294	1.9873	2.0040
July	2.0265	1.9893	2.0143
August	1.9963	1.9880	1.9924