2019 MKD to GNF Historical Review

YEARLY HIGH

174.3761 GNF

YEARLY LOW

161.7451 GNF

YEARLY AVERAGE

167.9517 GNF

2019 MKD to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MKD to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 174.3761. Conversely, the yearly low was recorded on November 12, dropping to 161.7451.

This high-to-low spread represents a total annual volatility of 12.6310 GNF. From a start-to-finish perspective, comparing the January average rate of 169.7424 to the December average rate of 171.2576, the exchange rate registered a net change of 0.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 174.3761 was down 4.72% compared to the 2018 peak of 183.0140, 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 871,881 GNF

2018 Average 868,022 GNF

Yearly Trough Low 808,726 GNF

Transaction Impact: A difference of 63,154.90 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

171.8748

164.4687

JanuMarcMayJulySeptNove

MKD to GNF 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 168.3865, compared to 167.5169 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8696 points.

H1 Avg (Jan–Jun) 168.3865

H2 Avg (Jul–Dec) 167.5169

Volatility Range Comparison

Volatility

The most volatile month in 2019 was November, with a trading range of 9.0581 GNF (High: 170.8032 / Low: 161.7451). On the other end, September was the most stable month, with a tight range of 2.8073 GNF (High: 166.3625 / Low: 163.5552).

November Spread (Volatile) ±9.0581

September Spread (Stable) ±2.8073

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 1.9126 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.9126

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2019: 171.2576) against the same month in 2018 (average: 169.2119), the exchange rate shifted by +2.0458 (+1.21%).

2019 Avg (December) 171.2576

2018 Avg (December) 169.2119

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	171.6196	167.4870	169.7424
February	171.6095	166.6826	169.0529
March	170.8526	166.3878	168.7290
April	169.7034	165.1651	167.5013
May	167.9443	165.0425	166.8276
June	170.3304	165.2250	168.4659
July	169.8864	166.7811	168.3291
August	168.0861	165.1280	166.4165
September	166.3625	163.5552	165.0858
October	167.6909	163.7797	166.1015
November	170.8032	161.7451	167.9110
December	174.3761	169.7126	171.2576