2019 MKD to AOA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 MKD to AOA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the MKD to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 1, valuing the pair at 9.0144. Conversely, the yearly low was recorded on January 3, dropping to 5.7054.
This high-to-low spread represents a total annual volatility of 3.3089 AOA. From a start-to-finish perspective, comparing the January average rate of 5.7475 to the December average rate of 8.6006, the exchange rate registered a net change of 49.64% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2019 high of 9.0144 was up 56.10% compared to the 2018 peak of 5.7749, 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 2019.
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 5.8811, compared to 7.3686 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.4876 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was October, with a trading range of 2.2687 AOA (High: 8.9879 / Low: 6.7193). On the other end, February was the most stable month, with a tight range of 0.0839 AOA (High: 5.8181 / Low: 5.7342).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2019: 8.5081) against the same month in 2018 (average: 5.7276), the exchange rate shifted by +2.7805 (+48.55%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.8050 | 5.7054 | 5.7475 |
| February | 5.8181 | 5.7342 | 5.7763 |
| March | 5.8678 | 5.7429 | 5.8041 |
| April | 5.8805 | 5.7724 | 5.8250 |
| May | 6.0014 | 5.8808 | 5.9388 |
| June | 6.3004 | 5.9733 | 6.1947 |
| July | 6.3598 | 6.2676 | 6.3296 |
| August | 6.6192 | 6.3414 | 6.5061 |
| September | 6.6997 | 6.4583 | 6.5795 |
| October | 8.9879 | 6.7193 | 7.6880 |
| November | 9.0144 | 8.2560 | 8.5081 |
| December | 8.8293 | 8.2756 | 8.6006 |