2018 MAD to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 MAD to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the MAD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 29, valuing the pair at 5.7491. Conversely, the yearly low was recorded on February 1, dropping to 5.3993.
This high-to-low spread represents a total annual volatility of 0.3498 MKD. From a start-to-finish perspective, comparing the January average rate of 5.4555 to the December average rate of 5.6722, the exchange rate registered a net change of 3.97% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 5.7491 was down 0.89% compared to the 2017 peak of 5.8010, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
MAD 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 5.4726, compared to 5.6390 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1664 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was June, with a trading range of 0.1274 MKD (High: 5.5765 / Low: 5.4491). On the other end, July was the most stable month, with a tight range of 0.0286 MKD (High: 5.5828 / Low: 5.5542).
Growth Streaks & Declines
TrendsBetween February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0279 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2018: 5.6902) against the same month in 2017 (average: 5.5467), the exchange rate shifted by +0.1435 (+2.59%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.5023 | 5.4139 | 5.4555 |
| February | 5.4528 | 5.3993 | 5.4276 |
| March | 5.4566 | 5.4155 | 5.4362 |
| April | 5.4864 | 5.4278 | 5.4467 |
| May | 5.5769 | 5.4773 | 5.5296 |
| June | 5.5765 | 5.4491 | 5.5398 |
| July | 5.5828 | 5.5542 | 5.5706 |
| August | 5.6696 | 5.5803 | 5.6293 |
| September | 5.6368 | 5.5900 | 5.6194 |
| October | 5.6896 | 5.6266 | 5.6520 |
| November | 5.7491 | 5.6542 | 5.6902 |
| December | 5.7272 | 5.6252 | 5.6722 |