2019 MKD to GMD Historical Review

YEARLY HIGH

0.9346 GMD

YEARLY LOW

0.8888 GMD

YEARLY AVERAGE

0.9115 GMD

2019 MKD to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MKD to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.9346. Conversely, the yearly low was recorded on September 26, dropping to 0.8888.

This high-to-low spread represents a total annual volatility of 0.0458 GMD. From a start-to-finish perspective, comparing the January average rate of 0.9172 to the December average rate of 0.9274, the exchange rate registered a net change of 1.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.9346 was down 4.80% compared to the 2018 peak of 0.9818, 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 4,673 GMD

2018 Average 4,611 GMD

Yearly Trough Low 4,444 GMD

Transaction Impact: A difference of 229.15 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.9300

0.8987

JanuMarcMayJulySeptNove

MKD to GMD 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 0.9096, compared to 0.9133 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0037 points.

H1 Avg (Jan–Jun) 0.9096

H2 Avg (Jul–Dec) 0.9133

Volatility Range Comparison

Volatility

The most volatile month in 2019 was October, with a trading range of 0.0298 GMD (High: 0.9274 / Low: 0.8976). On the other end, May was the most stable month, with a tight range of 0.0062 GMD (High: 0.9046 / Low: 0.8984).

October Spread (Volatile) ±0.0298

May Spread (Stable) ±0.0062

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 March and April, when the average rate fell by 0.0067 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0067

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2019: 0.9274) against the same month in 2018 (average: 0.9143), the exchange rate shifted by +0.0131 (+1.43%).

2019 Avg (December) 0.9274

2018 Avg (December) 0.9143

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9247	0.9125	0.9172
February	0.9223	0.9051	0.9129
March	0.9192	0.9038	0.9118
April	0.9119	0.8982	0.9050
May	0.9046	0.8984	0.9013
June	0.9197	0.8975	0.9093
July	0.9171	0.9053	0.9116
August	0.9160	0.9007	0.9074
September	0.9135	0.8888	0.9021
October	0.9274	0.8976	0.9119
November	0.9291	0.9114	0.9195
December	0.9346	0.9169	0.9274