2018 MKD to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 MKD to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the MKD to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 24.1363. Conversely, the yearly low was recorded on November 13, dropping to 21.8287.
This high-to-low spread represents a total annual volatility of 2.3076 IQD. From a start-to-finish perspective, comparing the January average rate of 23.5448 to the December average rate of 22.0223, the exchange rate registered a net change of -6.47% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 24.1363 was up 3.94% compared to the 2017 peak of 23.2222, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
MKD to IQD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 23.3799, compared to 22.2892 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.0907 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was May, with a trading range of 1.0808 IQD (High: 23.3968 / Low: 22.3160). On the other end, July was the most stable month, with a tight range of 0.2146 IQD (High: 22.7232 / Low: 22.5086).
Growth Streaks & Declines
TrendsBetween January and March, 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 0.8470 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2018: 23.7736) against the same month in 2017 (average: 20.4118), the exchange rate shifted by +3.3619 (+16.47%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.9635 | 23.0762 | 23.5448 |
| February | 24.1363 | 23.4234 | 23.7736 |
| March | 24.0307 | 23.5521 | 23.7767 |
| April | 23.9270 | 23.3436 | 23.7027 |
| May | 23.3968 | 22.3160 | 22.8557 |
| June | 22.8728 | 22.3525 | 22.6257 |
| July | 22.7232 | 22.5086 | 22.6030 |
| August | 22.7029 | 21.9560 | 22.3214 |
| September | 22.8061 | 22.4102 | 22.5591 |
| October | 22.4358 | 21.9345 | 22.2247 |
| November | 22.1816 | 21.8287 | 22.0045 |
| December | 22.1921 | 21.8436 | 22.0223 |