2019 MKD to ETB Historical Review

YEARLY HIGH

0.5828 ETB

YEARLY LOW

0.5175 ETB

YEARLY AVERAGE

0.5314 ETB

2019 MKD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MKD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.5828. Conversely, the yearly low was recorded on April 29, dropping to 0.5175.

This high-to-low spread represents a total annual volatility of 0.0653 ETB. From a start-to-finish perspective, comparing the January average rate of 0.5255 to the December average rate of 0.5688, the exchange rate registered a net change of 8.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.5828 was up 4.09% compared to the 2018 peak of 0.5599, 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 2,914 ETB

2018 Average 2,654 ETB

Yearly Trough Low 2,588 ETB

Transaction Impact: A difference of 326.44 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.5733

0.5200

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 0.5260, compared to 0.5368 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0108 points.

H1 Avg (Jan–Jun) 0.5260

H2 Avg (Jul–Dec) 0.5368

Volatility Range Comparison

Volatility

The most volatile month in 2019 was December, with a trading range of 0.0351 ETB (High: 0.5828 / Low: 0.5478). On the other end, May was the most stable month, with a tight range of 0.0068 ETB (High: 0.5280 / Low: 0.5212).

December Spread (Volatile) ±0.0351

May Spread (Stable) ±0.0068

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0019 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2019: 0.5688) against the same month in 2018 (average: 0.5212), the exchange rate shifted by +0.0477 (+9.15%).

2019 Avg (December) 0.5688

2018 Avg (December) 0.5212

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5320	0.5215	0.5255
February	0.5312	0.5192	0.5247
March	0.5285	0.5191	0.5245
April	0.5318	0.5175	0.5256
May	0.5280	0.5212	0.5246
June	0.5373	0.5204	0.5311
July	0.5381	0.5196	0.5296
August	0.5330	0.5225	0.5277
September	0.5292	0.5200	0.5261
October	0.5389	0.5189	0.5311
November	0.5478	0.5286	0.5374
December	0.5828	0.5478	0.5688