YEARLY HIGH
0.0401 FJD
YEARLY LOW
0.0330 FJD
YEARLY AVERAGE
0.0392 FJD

2019 MKD to FJD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MKD to FJD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 18, valuing the pair at 0.0401. Conversely, the yearly low was recorded on September 15, dropping to 0.0330.

This high-to-low spread represents a total annual volatility of 0.0071 FJD. From a start-to-finish perspective, comparing the January average rate of 0.0393 to the December average rate of 0.0392, the exchange rate registered a net change of -0.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.0401 was down 2.47% compared to the 2018 peak of 0.0411, 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 201 FJD
2018 Average 200 FJD
Yearly Trough Low 165 FJD
Transaction Impact: A difference of 35.55 FJD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.0395
0.0388
JanuMarcMayJulySeptNove

MKD to FJD 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 0.0392, compared to 0.0392 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0392
H2 Avg (Jul–Dec) 0.0392

Volatility Range Comparison

Volatility

The most volatile month in 2019 was September, with a trading range of 0.0064 FJD (High: 0.0394 / Low: 0.0330). On the other end, May was the most stable month, with a tight range of 0.0004 FJD (High: 0.0395 / Low: 0.0390).

September Spread (Volatile) ±0.0064
May Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0005 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2019: 0.0394) against the same month in 2018 (average: 0.0400), the exchange rate shifted by -0.0006 (-1.47%).

2019 Avg (October) 0.0394
2018 Avg (October) 0.0400

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0399 0.0388 0.0393
February 0.0394 0.0387 0.0391
March 0.0395 0.0388 0.0391
April 0.0394 0.0387 0.0390
May 0.0395 0.0390 0.0392
June 0.0400 0.0390 0.0395
July 0.0396 0.0388 0.0391
August 0.0399 0.0390 0.0394
September 0.0394 0.0330 0.0389
October 0.0401 0.0389 0.0394
November 0.0395 0.0389 0.0393
December 0.0394 0.0389 0.0392