2018 MKD to ILS Historical Review

YEARLY HIGH

0.0718 ILS

YEARLY LOW

0.0666 ILS

YEARLY AVERAGE

0.0689 ILS

2018 MKD to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MKD to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 15, valuing the pair at 0.0718. Conversely, the yearly low was recorded on January 10, dropping to 0.0666.

This high-to-low spread represents a total annual volatility of 0.0052 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0678 to the December average rate of 0.0694, the exchange rate registered a net change of 2.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.0718 was up 3.23% compared to the 2017 peak of 0.0696, 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 359 ILS

2017 Average 330 ILS

Yearly Trough Low 333 ILS

Transaction Impact: A difference of 26.25 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.0708

0.0675

JanuMarcMayJulySeptNove

MKD to ILS 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 0.0692, compared to 0.0686 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0692

H2 Avg (Jul–Dec) 0.0686

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 0.0034 ILS (High: 0.0708 / Low: 0.0673). On the other end, October was the most stable month, with a tight range of 0.0008 ILS (High: 0.0687 / Low: 0.0679).

May Spread (Volatile) ±0.0034

October Spread (Stable) ±0.0008

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 April and May, when the average rate fell by 0.0016 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2018: 0.0701) against the same month in 2017 (average: 0.0643), the exchange rate shifted by +0.0058 (+9.01%).

2018 Avg (February) 0.0701

2017 Avg (February) 0.0643

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0690	0.0666	0.0678
February	0.0718	0.0688	0.0701
March	0.0708	0.0688	0.0694
April	0.0710	0.0702	0.0705
May	0.0708	0.0673	0.0689
June	0.0697	0.0674	0.0685
July	0.0696	0.0688	0.0691
August	0.0696	0.0678	0.0687
September	0.0686	0.0673	0.0680
October	0.0687	0.0679	0.0682
November	0.0693	0.0676	0.0685
December	0.0701	0.0682	0.0694