2018 MKD to IRR Historical Review

YEARLY HIGH

833.3305 IRR

YEARLY LOW

694.4099 IRR

YEARLY AVERAGE

779.0982 IRR

2018 MKD to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MKD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 30, valuing the pair at 833.3305. Conversely, the yearly low was recorded on January 9, dropping to 694.4099.

This high-to-low spread represents a total annual volatility of 138.9206 IRR. From a start-to-finish perspective, comparing the January average rate of 714.1812 to the December average rate of 781.0061, the exchange rate registered a net change of 9.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 833.3305 was up 19.86% compared to the 2017 peak of 695.2505, 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 4,166,652 IRR

2017 Average 3,035,101 IRR

Yearly Trough Low 3,472,049 IRR

Transaction Impact: A difference of 694,602.86 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

832.1695

703.4550

JanuMarcMayJulySeptNove

MKD to IRR 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 756.6526, compared to 801.5438 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 44.8911 points.

H1 Avg (Jan–Jun) 756.6526

H2 Avg (Jul–Dec) 801.5438

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 95.1005 IRR (High: 815.6922 / Low: 720.5918). On the other end, November was the most stable month, with a tight range of 13.4822 IRR (High: 791.4709 / Low: 777.9886).

May Spread (Volatile) ±95.1005

November Spread (Stable) ±13.4822

Growth Streaks & Declines

Trends

Between April and July, 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 September and October, when the average rate fell by 23.3670 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -23.3670

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2018: 821.4433) against the same month in 2017 (average: 610.4278), the exchange rate shifted by +211.0155 (+34.57%).

2018 Avg (July) 821.4433

2017 Avg (July) 610.4278

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	745.1901	694.4099	714.1812
February	752.6573	734.5253	743.0226
March	760.1583	743.4665	751.0447
April	755.7300	734.6606	747.5886
May	815.6922	720.5918	778.7941
June	813.9511	798.5045	805.2847
July	833.3305	806.0394	821.4433
August	830.6746	794.9977	811.6669
September	825.4598	809.8811	816.6654
October	811.5524	781.4846	793.2983
November	791.4709	777.9886	785.1826
December	788.2068	772.2280	781.0061