2019 MAD to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 MAD to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the MAD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 24, valuing the pair at 5.8526. Conversely, the yearly low was recorded on January 2, dropping to 5.5965.
This high-to-low spread represents a total annual volatility of 0.2562 MKD. From a start-to-finish perspective, comparing the January average rate of 5.6619 to the December average rate of 5.7526, the exchange rate registered a net change of 1.60% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2019 high of 5.8526 was up 1.80% compared to the 2018 peak of 5.7491, 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 2019.
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 5.6774, compared to 5.7539 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0766 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was July, with a trading range of 0.1176 MKD (High: 5.7506 / Low: 5.6330). On the other end, May was the most stable month, with a tight range of 0.0346 MKD (High: 5.7052 / Low: 5.6706).
Growth Streaks & Declines
TrendsBetween June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0272 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2019: 5.7650) against the same month in 2018 (average: 5.6293), the exchange rate shifted by +0.1357 (+2.41%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.7104 | 5.5965 | 5.6619 |
| February | 5.7400 | 5.6327 | 5.6887 |
| March | 5.6875 | 5.6207 | 5.6615 |
| April | 5.7150 | 5.6575 | 5.6845 |
| May | 5.7052 | 5.6706 | 5.6922 |
| June | 5.7409 | 5.6397 | 5.6756 |
| July | 5.7506 | 5.6330 | 5.7033 |
| August | 5.8526 | 5.7411 | 5.7650 |
| September | 5.8152 | 5.7441 | 5.7706 |
| October | 5.8011 | 5.7345 | 5.7635 |
| November | 5.7929 | 5.7322 | 5.7688 |
| December | 5.7823 | 5.7187 | 5.7526 |