2019 MKD to AFN Historical Review

YEARLY HIGH

1.5061 AFN

YEARLY LOW

1.3609 AFN

YEARLY AVERAGE

1.4170 AFN

2019 MKD to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MKD to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 1, valuing the pair at 1.5061. Conversely, the yearly low was recorded on February 16, dropping to 1.3609.

This high-to-low spread represents a total annual volatility of 0.1452 AFN. From a start-to-finish perspective, comparing the January average rate of 1.3987 to the December average rate of 1.4191, the exchange rate registered a net change of 1.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 1.5061 was up 3.93% compared to the 2018 peak of 1.4492, 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 7,531 AFN

2018 Average 6,939 AFN

Yearly Trough Low 6,805 AFN

Transaction Impact: A difference of 726.07 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

1.4800

1.3712

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 1.4134, compared to 1.4207 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0073 points.

H1 Avg (Jan–Jun) 1.4134

H2 Avg (Jul–Dec) 1.4207

Volatility Range Comparison

Volatility

The most volatile month in 2019 was June, with a trading range of 0.0705 AFN (High: 1.5048 / Low: 1.4343). On the other end, November was the most stable month, with a tight range of 0.0180 AFN (High: 1.4176 / Low: 1.3996).

June Spread (Volatile) ±0.0705

November Spread (Stable) ±0.0180

Growth Streaks & Declines

Trends

Between February and June, 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 July and August, when the average rate fell by 0.0477 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0477

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2019: 1.4688) against the same month in 2018 (average: 1.3831), the exchange rate shifted by +0.0857 (+6.20%).

2019 Avg (July) 1.4688

2018 Avg (July) 1.3831

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4173	1.3913	1.3987
February	1.4026	1.3609	1.3803
March	1.4017	1.3654	1.3854
April	1.4299	1.3831	1.4104
May	1.4609	1.4084	1.4344
June	1.5048	1.4343	1.4710
July	1.5061	1.4409	1.4688
August	1.4455	1.3997	1.4211
September	1.4124	1.3874	1.4017
October	1.4199	1.3868	1.4064
November	1.4176	1.3996	1.4068
December	1.4305	1.4083	1.4191