2018 KES to MKD Historical Review

YEARLY HIGH

0.5387 MKD

YEARLY LOW

0.4831 MKD

YEARLY AVERAGE

0.5150 MKD

2018 KES to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the KES to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 14, valuing the pair at 0.5387. Conversely, the yearly low was recorded on February 1, dropping to 0.4831.

This high-to-low spread represents a total annual volatility of 0.0557 MKD. From a start-to-finish perspective, comparing the January average rate of 0.4907 to the December average rate of 0.5294, the exchange rate registered a net change of 7.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.5387 was down 6.29% compared to the 2017 peak of 0.5749, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,694 MKD

2017 Average 2,641 MKD

Yearly Trough Low 2,415 MKD

Transaction Impact: A difference of 278.32 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.5342

0.4867

JanuMarcMayJulySeptNove

KES 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 0.5022, compared to 0.5278 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0255 points.

H1 Avg (Jan–Jun) 0.5022

H2 Avg (Jul–Dec) 0.5278

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 0.0194 MKD (High: 0.5264 / Low: 0.5070). On the other end, December was the most stable month, with a tight range of 0.0060 MKD (High: 0.5322 / Low: 0.5262).

May Spread (Volatile) ±0.0194

December Spread (Stable) ±0.0060

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0061 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0061

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2018: 0.5302) against the same month in 2017 (average: 0.5041), the exchange rate shifted by +0.0261 (+5.18%).

2018 Avg (August) 0.5302

2017 Avg (August) 0.5041

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5002	0.4845	0.4907
February	0.4995	0.4831	0.4919
March	0.4969	0.4895	0.4936
April	0.5083	0.4929	0.4988
May	0.5264	0.5070	0.5176
June	0.5267	0.5146	0.5208
July	0.5262	0.5192	0.5235
August	0.5387	0.5220	0.5302
September	0.5293	0.5183	0.5242
October	0.5346	0.5259	0.5303
November	0.5331	0.5226	0.5290
December	0.5322	0.5262	0.5294