2018 MKD to AFN Historical Review

YEARLY HIGH

1.4492 AFN

YEARLY LOW

1.1857 AFN

YEARLY AVERAGE

1.3879 AFN

2018 MKD to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MKD to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 20, valuing the pair at 1.4492. Conversely, the yearly low was recorded on November 18, dropping to 1.1857.

This high-to-low spread represents a total annual volatility of 0.2635 AFN. From a start-to-finish perspective, comparing the January average rate of 1.3827 to the December average rate of 1.3971, the exchange rate registered a net change of 1.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 1.4492 was up 6.73% compared to the 2017 peak of 1.3578, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,246 AFN

2017 Average 6,236 AFN

Yearly Trough Low 5,929 AFN

Transaction Impact: A difference of 1,317.29 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

1.4245

1.3570

JanuMarcMayJulySeptNove

MKD to AFN 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 1.3813, compared to 1.3945 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0131 points.

H1 Avg (Jan–Jun) 1.3813

H2 Avg (Jul–Dec) 1.3945

Volatility Range Comparison

Volatility

The most volatile month in 2018 was November, with a trading range of 0.2292 AFN (High: 1.4149 / Low: 1.1857). On the other end, March was the most stable month, with a tight range of 0.0196 AFN (High: 1.4027 / Low: 1.3831).

November Spread (Volatile) ±0.2292

March Spread (Stable) ±0.0196

Growth Streaks & Declines

Trends

Between January and April, 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 April and May, when the average rate fell by 0.0302 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0302

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2018: 1.4189) against the same month in 2017 (average: 1.3267), the exchange rate shifted by +0.0922 (+6.95%).

2018 Avg (September) 1.4189

2017 Avg (September) 1.3267

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4020	1.3547	1.3827
February	1.4113	1.3769	1.3904
March	1.4027	1.3831	1.3912
April	1.4130	1.3797	1.3947
May	1.3802	1.3393	1.3646
June	1.3891	1.3468	1.3644
July	1.4042	1.3527	1.3831
August	1.3975	1.3417	1.3626
September	1.4492	1.3852	1.4189
October	1.4315	1.3810	1.4131
November	1.4149	1.1857	1.3919
December	1.4064	1.3853	1.3971