2019 MKD to ARS Historical Review

YEARLY HIGH

1.0913 ARS

YEARLY LOW

0.6837 ARS

YEARLY AVERAGE

0.8744 ARS

2019 MKD to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MKD to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 14, valuing the pair at 1.0913. Conversely, the yearly low was recorded on January 26, dropping to 0.6837.

This high-to-low spread represents a total annual volatility of 0.4077 ARS. From a start-to-finish perspective, comparing the January average rate of 0.6923 to the December average rate of 1.0804, the exchange rate registered a net change of 56.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 1.0913 was up 40.26% compared to the 2018 peak of 0.7781, 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 5,457 ARS

2018 Average 2,676 ARS

Yearly Trough Low 3,418 ARS

Transaction Impact: A difference of 2,038.30 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

1.1192

0.6535

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 0.7599, compared to 0.9890 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2291 points.

H1 Avg (Jan–Jun) 0.7599

H2 Avg (Jul–Dec) 0.9890

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.2931 ARS (High: 1.0913 / Low: 0.7983). On the other end, January was the most stable month, with a tight range of 0.0176 ARS (High: 0.7012 / Low: 0.6837).

August Spread (Volatile) ±0.2931

January Spread (Stable) ±0.0176

Growth Streaks & Declines

Trends

Between July and December, 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 June and July, when the average rate fell by 0.0259 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0259

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2019: 0.9424) against the same month in 2018 (average: 0.5596), the exchange rate shifted by +0.3829 (+68.43%).

2019 Avg (August) 0.9424

2018 Avg (August) 0.5596

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7012	0.6837	0.6923
February	0.7302	0.6894	0.7065
March	0.8027	0.7307	0.7585
April	0.8294	0.7611	0.7863
May	0.8243	0.8051	0.8143
June	0.8259	0.7826	0.8014
July	0.7959	0.7599	0.7755
August	1.0913	0.7983	0.9424
September	1.0685	0.9934	1.0134
October	1.0825	1.0205	1.0506
November	1.0824	1.0647	1.0717
December	1.0912	1.0688	1.0804