2018 MKD to ETB Historical Review

YEARLY HIGH

0.5599 ETB

YEARLY LOW

0.5089 ETB

YEARLY AVERAGE

0.5309 ETB

2018 MKD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MKD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 0.5599. Conversely, the yearly low was recorded on August 15, dropping to 0.5089.

This high-to-low spread represents a total annual volatility of 0.0511 ETB. From a start-to-finish perspective, comparing the January average rate of 0.5439 to the December average rate of 0.5212, the exchange rate registered a net change of -4.18% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.5599 was up 4.89% compared to the 2017 peak of 0.5338, 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 2,800 ETB

2017 Average 2,204 ETB

Yearly Trough Low 2,544 ETB

Transaction Impact: A difference of 255.25 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.5547

0.5139

JanuMarcMayJulySeptNove

MKD to ETB 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 0.5410, compared to 0.5207 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0203 points.

H1 Avg (Jan–Jun) 0.5410

H2 Avg (Jul–Dec) 0.5207

Volatility Range Comparison

Volatility

The most volatile month in 2018 was January, with a trading range of 0.0250 ETB (High: 0.5559 / Low: 0.5309). On the other end, July was the most stable month, with a tight range of 0.0061 ETB (High: 0.5264 / Low: 0.5203).

January Spread (Volatile) ±0.0250

July Spread (Stable) ±0.0061

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2018. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0193 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0193

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2018: 0.5513) against the same month in 2017 (average: 0.3917), the exchange rate shifted by +0.1597 (+40.76%).

2018 Avg (February) 0.5513

2017 Avg (February) 0.3917

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5559	0.5309	0.5439
February	0.5599	0.5450	0.5513
March	0.5574	0.5464	0.5508
April	0.5523	0.5399	0.5477
May	0.5402	0.5162	0.5283
June	0.5303	0.5174	0.5239
July	0.5264	0.5203	0.5233
August	0.5256	0.5089	0.5178
September	0.5340	0.5167	0.5246
October	0.5254	0.5094	0.5201
November	0.5219	0.5111	0.5173
December	0.5296	0.5148	0.5212