2019 ILS to MKD Historical Review

YEARLY HIGH

16.2335 MKD

YEARLY LOW

14.3733 MKD

YEARLY AVERAGE

15.4314 MKD

2019 ILS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the ILS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 16.2335. Conversely, the yearly low was recorded on January 1, dropping to 14.3733.

This high-to-low spread represents a total annual volatility of 1.8602 MKD. From a start-to-finish perspective, comparing the January average rate of 14.6420 to the December average rate of 15.9312, the exchange rate registered a net change of 8.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 16.2335 was up 8.04% compared to the 2018 peak of 15.0260, 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 81,168 MKD

2018 Average 72,569 MKD

Yearly Trough Low 71,867 MKD

Transaction Impact: A difference of 9,300.96 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

16.1119

14.5084

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 15.0666, compared to 15.7962 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7297 points.

H1 Avg (Jan–Jun) 15.0666

H2 Avg (Jul–Dec) 15.7962

Volatility Range Comparison

Volatility

The most volatile month in 2019 was July, with a trading range of 0.6137 MKD (High: 15.7786 / Low: 15.1649). On the other end, April was the most stable month, with a tight range of 0.1551 MKD (High: 15.3194 / Low: 15.1642).

July Spread (Volatile) ±0.6137

April Spread (Stable) ±0.1551

Growth Streaks & Declines

Trends

Between January and May, 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 May and June, when the average rate fell by 0.1788 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1788

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2019: 15.8680) against the same month in 2018 (average: 14.7151), the exchange rate shifted by +1.1530 (+7.84%).

2019 Avg (September) 15.8680

2018 Avg (September) 14.7151

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.8123	14.3733	14.6420
February	15.1308	14.7538	14.9681
March	15.1176	14.8768	15.0417
April	15.3194	15.1642	15.2463
May	15.4373	15.2347	15.3400
June	15.2640	14.9977	15.1612
July	15.7786	15.1649	15.4295
August	15.8654	15.5731	15.7491
September	16.2335	15.6916	15.8680
October	16.1544	15.5560	15.8213
November	16.1187	15.6304	15.9783
December	16.0815	15.7956	15.9312