2018 ILS to MKD Historical Review

YEARLY HIGH

15.0260 MKD

YEARLY LOW

13.9274 MKD

YEARLY AVERAGE

14.5119 MKD

2018 ILS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the ILS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 15.0260. Conversely, the yearly low was recorded on February 15, dropping to 13.9274.

This high-to-low spread represents a total annual volatility of 1.0985 MKD. From a start-to-finish perspective, comparing the January average rate of 14.7559 to the December average rate of 14.4139, the exchange rate registered a net change of -2.32% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 15.0260 was down 5.95% compared to the 2017 peak of 15.9761, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 75,130 MKD

2017 Average 75,899 MKD

Yearly Trough Low 69,637 MKD

Transaction Impact: A difference of 5,492.74 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

14.8133

14.1244

JanuMarcMayJulySeptNove

ILS 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 14.4533, compared to 14.5704 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1171 points.

H1 Avg (Jan–Jun) 14.4533

H2 Avg (Jul–Dec) 14.5704

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 0.7196 MKD (High: 14.8518 / Low: 14.1322). On the other end, October was the most stable month, with a tight range of 0.1679 MKD (High: 14.7320 / Low: 14.5640).

May Spread (Volatile) ±0.7196

October Spread (Stable) ±0.1679

Growth Streaks & Declines

Trends

Between April and June, 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 January and February, when the average rate fell by 0.4949 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4949

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2018: 14.7559) against the same month in 2017 (average: 15.1667), the exchange rate shifted by -0.4108 (-2.71%).

2018 Avg (January) 14.7559

2017 Avg (January) 15.1667

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.0260	14.4959	14.7559
February	14.5265	13.9274	14.2610
March	14.5294	14.1321	14.4051
April	14.2548	14.0763	14.1818
May	14.8518	14.1322	14.5202
June	14.8399	14.3533	14.5959
July	14.5402	14.3627	14.4636
August	14.7456	14.3727	14.5665
September	14.8502	14.5790	14.7151
October	14.7320	14.5640	14.6538
November	14.7907	14.4371	14.6094
December	14.6586	14.2693	14.4139