2019 MKD to ILS Historical Review

YEARLY HIGH

0.0696 ILS

YEARLY LOW

0.0616 ILS

YEARLY AVERAGE

0.0649 ILS

2019 MKD to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MKD to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0696. Conversely, the yearly low was recorded on September 30, dropping to 0.0616.

This high-to-low spread represents a total annual volatility of 0.0080 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0683 to the December average rate of 0.0628, the exchange rate registered a net change of -8.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.0696 was down 3.10% compared to the 2018 peak of 0.0718, 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 348 ILS

2018 Average 345 ILS

Yearly Trough Low 308 ILS

Transaction Impact: A difference of 39.86 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.0689

0.0620

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 0.0664, compared to 0.0633 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0031 points.

H1 Avg (Jan–Jun) 0.0664

H2 Avg (Jul–Dec) 0.0633

Volatility Range Comparison

Volatility

The most volatile month in 2019 was July, with a trading range of 0.0026 ILS (High: 0.0659 / Low: 0.0634). On the other end, April was the most stable month, with a tight range of 0.0007 ILS (High: 0.0659 / Low: 0.0653).

July Spread (Volatile) ±0.0026

April Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2019. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0015 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2019: 0.0683) against the same month in 2018 (average: 0.0678), the exchange rate shifted by +0.0005 (+0.77%).

2019 Avg (January) 0.0683

2018 Avg (January) 0.0678

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0696	0.0675	0.0683
February	0.0678	0.0661	0.0668
March	0.0672	0.0661	0.0665
April	0.0659	0.0653	0.0656
May	0.0656	0.0648	0.0652
June	0.0667	0.0655	0.0660
July	0.0659	0.0634	0.0648
August	0.0642	0.0630	0.0635
September	0.0637	0.0616	0.0630
October	0.0643	0.0619	0.0632
November	0.0640	0.0620	0.0626
December	0.0633	0.0622	0.0628