2018 MKD to ARS Historical Review

YEARLY HIGH

0.7781 ARS

YEARLY LOW

0.3599 ARS

YEARLY AVERAGE

0.5346 ARS

2018 MKD to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MKD to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 0.7781. Conversely, the yearly low was recorded on January 3, dropping to 0.3599.

This high-to-low spread represents a total annual volatility of 0.4182 ARS. From a start-to-finish perspective, comparing the January average rate of 0.3766 to the December average rate of 0.6987, the exchange rate registered a net change of 85.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.7781 was up 108.21% compared to the 2017 peak of 0.3737, 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 3,890 ARS

2017 Average 1,523 ARS

Yearly Trough Low 1,799 ARS

Transaction Impact: A difference of 2,090.94 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.7650

0.3413

JanuMarcMayJulySeptNove

MKD to ARS 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 0.4235, compared to 0.6457 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2222 points.

H1 Avg (Jan–Jun) 0.4235

H2 Avg (Jul–Dec) 0.6457

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 0.2217 ARS (High: 0.7338 / Low: 0.5120). On the other end, April was the most stable month, with a tight range of 0.0065 ARS (High: 0.4066 / Low: 0.4001).

August Spread (Volatile) ±0.2217

April Spread (Stable) ±0.0065

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0390 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0390

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2018: 0.7297) against the same month in 2017 (average: 0.3335), the exchange rate shifted by +0.3962 (+118.83%).

2018 Avg (September) 0.7297

2017 Avg (September) 0.3335

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3961	0.3599	0.3766
February	0.4035	0.3911	0.3975
March	0.4107	0.4016	0.4049
April	0.4066	0.4001	0.4034
May	0.4844	0.4059	0.4519
June	0.5474	0.4725	0.5065
July	0.5486	0.5152	0.5242
August	0.7338	0.5120	0.5596
September	0.7781	0.6945	0.7297
October	0.7422	0.6600	0.6906
November	0.7206	0.6510	0.6716
December	0.7113	0.6740	0.6987