2019 MKD to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 MKD to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the MKD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 801.4374. Conversely, the yearly low was recorded on September 26, dropping to 746.0741.
This high-to-low spread represents a total annual volatility of 55.3634 IRR. From a start-to-finish perspective, comparing the January average rate of 783.9390 to the December average rate of 760.7021, the exchange rate registered a net change of -2.96% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 801.4374 was down 3.83% compared to the 2018 peak of 833.3305, 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 2019.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 774.2958, compared to 759.9450 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 14.3508 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was June, with a trading range of 25.2775 IRR (High: 786.3680 / Low: 761.0906). On the other end, November was the most stable month, with a tight range of 11.9275 IRR (High: 764.9457 / Low: 753.0182).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2019. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 7.9772 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2019: 783.9390) against the same month in 2018 (average: 714.1812), the exchange rate shifted by +69.7578 (+9.77%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 801.4374 | 777.1118 | 783.9390 |
| February | 784.5406 | 769.1399 | 776.1438 |
| March | 787.1704 | 767.9821 | 774.9452 |
| April | 780.0249 | 762.0428 | 770.5001 |
| May | 777.0234 | 760.7988 | 765.7818 |
| June | 786.3680 | 761.0906 | 774.4648 |
| July | 776.9154 | 763.0595 | 769.8439 |
| August | 769.8842 | 756.0636 | 761.8667 |
| September | 762.1680 | 746.0741 | 754.2118 |
| October | 763.7930 | 748.3938 | 756.7234 |
| November | 764.9457 | 753.0182 | 756.3220 |
| December | 767.8223 | 754.3402 | 760.7021 |