2018 MKD to GEL Historical Review

YEARLY HIGH

0.0512 GEL

YEARLY LOW

0.0448 GEL

YEARLY AVERAGE

0.0477 GEL

2018 MKD to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MKD to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 0.0512. Conversely, the yearly low was recorded on November 13, dropping to 0.0448.

This high-to-low spread represents a total annual volatility of 0.0064 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0507 to the December average rate of 0.0492, the exchange rate registered a net change of -2.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.0512 was down 2.22% compared to the 2017 peak of 0.0524, 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 256 GEL

2017 Average 229 GEL

Yearly Trough Low 224 GEL

Transaction Impact: A difference of 32.16 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.0512

0.0452

JanuMarcMayJulySeptNove

MKD to GEL 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 0.0486, compared to 0.0468 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.0486

H2 Avg (Jul–Dec) 0.0468

Volatility Range Comparison

Volatility

The most volatile month in 2018 was November, with a trading range of 0.0045 GEL (High: 0.0493 / Low: 0.0448). On the other end, July was the most stable month, with a tight range of 0.0005 GEL (High: 0.0467 / Low: 0.0463).

November Spread (Volatile) ±0.0045

July Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between October and December, 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 April and May, when the average rate fell by 0.0015 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2018: 0.0507) against the same month in 2017 (average: 0.0466), the exchange rate shifted by +0.0041 (+8.71%).

2018 Avg (January) 0.0507

2017 Avg (January) 0.0466

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0512	0.0497	0.0507
February	0.0504	0.0485	0.0493
March	0.0496	0.0486	0.0490
April	0.0490	0.0481	0.0486
May	0.0481	0.0464	0.0471
June	0.0472	0.0461	0.0467
July	0.0467	0.0463	0.0465
August	0.0471	0.0451	0.0462
September	0.0469	0.0459	0.0465
October	0.0463	0.0450	0.0457
November	0.0493	0.0448	0.0468
December	0.0499	0.0488	0.0492