2018 MKD to AOA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 MKD to AOA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the MKD to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 19, valuing the pair at 5.7749. Conversely, the yearly low was recorded on January 1, dropping to 3.2353.
This high-to-low spread represents a total annual volatility of 2.5396 AOA. From a start-to-finish perspective, comparing the January average rate of 3.5487 to the December average rate of 5.7102, the exchange rate registered a net change of 60.91% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 5.7749 was up 78.08% compared to the 2017 peak of 3.2428, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
MKD to AOA 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 4.2425, compared to 5.3806 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1381 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was January, with a trading range of 0.9495 AOA (High: 4.1848 / Low: 3.2353). On the other end, March was the most stable month, with a tight range of 0.0730 AOA (High: 4.3279 / Low: 4.2549).
Growth Streaks & Declines
TrendsBetween January and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0175 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2018: 5.7276) against the same month in 2017 (average: 3.1646), the exchange rate shifted by +2.5630 (+80.99%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.1848 | 3.2353 | 3.5487 |
| February | 4.2857 | 4.1586 | 4.2120 |
| March | 4.3279 | 4.2549 | 4.2888 |
| April | 4.4322 | 4.2641 | 4.3455 |
| May | 4.5476 | 4.3833 | 4.4589 |
| June | 4.7232 | 4.5157 | 4.6011 |
| July | 4.8779 | 4.6940 | 4.8071 |
| August | 5.2324 | 4.8117 | 4.9832 |
| September | 5.5496 | 5.2067 | 5.4034 |
| October | 5.7006 | 5.5723 | 5.6523 |
| November | 5.7749 | 5.6769 | 5.7276 |
| December | 5.7452 | 5.6589 | 5.7102 |