2018 HRK to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 HRK to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the HRK to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 29, valuing the pair at 8.3761. Conversely, the yearly low was recorded on June 14, dropping to 8.1523.
This high-to-low spread represents a total annual volatility of 0.2238 MKD. From a start-to-finish perspective, comparing the January average rate of 8.2831 to the December average rate of 8.3125, the exchange rate registered a net change of 0.36% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 8.3761 was down 1.00% compared to the 2017 peak of 8.4608, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 HRK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
HRK to MKD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 8.2986, compared to 8.2995 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0009 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was June, with a trading range of 0.2070 MKD (High: 8.3593 / Low: 8.1523). On the other end, September was the most stable month, with a tight range of 0.0245 MKD (High: 8.2999 / Low: 8.2754).
Growth Streaks & Declines
TrendsBetween March and May, 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 July and August, when the average rate fell by 0.0339 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2018: 8.2809) against the same month in 2017 (average: 8.1574), the exchange rate shifted by +0.1235 (+1.51%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.3104 | 8.2240 | 8.2831 |
| February | 8.3050 | 8.2604 | 8.2822 |
| March | 8.2926 | 8.2677 | 8.2799 |
| April | 8.3109 | 8.2653 | 8.2995 |
| May | 8.3438 | 8.3059 | 8.3299 |
| June | 8.3593 | 8.1523 | 8.3170 |
| July | 8.3512 | 8.3080 | 8.3273 |
| August | 8.3170 | 8.2743 | 8.2934 |
| September | 8.2999 | 8.2754 | 8.2873 |
| October | 8.3240 | 8.2605 | 8.2956 |
| November | 8.3761 | 8.2422 | 8.2809 |
| December | 8.3537 | 8.2708 | 8.3125 |