2019 MKD to CVE Historical Review

YEARLY HIGH

1.8238 CVE

YEARLY LOW

1.7809 CVE

YEARLY AVERAGE

1.7975 CVE

2019 MKD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MKD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 1.8238. Conversely, the yearly low was recorded on January 7, dropping to 1.7809.

This high-to-low spread represents a total annual volatility of 0.0430 CVE. From a start-to-finish perspective, comparing the January average rate of 1.7938 to the December average rate of 1.8018, the exchange rate registered a net change of 0.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 1.8238 was down 0.40% compared to the 2018 peak of 1.8311, 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 9,119 CVE

2018 Average 8,982 CVE

Yearly Trough Low 8,904 CVE

Transaction Impact: A difference of 214.78 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

1.8026

1.7930

JanuMarcMayJulySeptNove

MKD to CVE 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 1.7964, compared to 1.7986 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0023 points.

H1 Avg (Jan–Jun) 1.7964

H2 Avg (Jul–Dec) 1.7986

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.0402 CVE (High: 1.8238 / Low: 1.7837). On the other end, May was the most stable month, with a tight range of 0.0108 CVE (High: 1.8010 / Low: 1.7902).

August Spread (Volatile) ±0.0402

May Spread (Stable) ±0.0108

Growth Streaks & Declines

Trends

Between August and December, 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 0.0036 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0036

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2019: 1.7959) against the same month in 2018 (average: 1.7942), the exchange rate shifted by +0.0017 (+0.09%).

2019 Avg (August) 1.7959

2018 Avg (August) 1.7942

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8016	1.7809	1.7938
February	1.8001	1.7866	1.7944
March	1.8017	1.7898	1.7974
April	1.8049	1.7896	1.7976
May	1.8010	1.7902	1.7961
June	1.8104	1.7885	1.7989
July	1.8193	1.7841	1.7995
August	1.8238	1.7837	1.7959
September	1.8136	1.7884	1.7966
October	1.8144	1.7915	1.7989
November	1.8088	1.7919	1.7991
December	1.8099	1.7958	1.8018