2018 MKD to ISK Historical Review

YEARLY HIGH

2.3035 ISK

YEARLY LOW

1.9639 ISK

YEARLY AVERAGE

2.0726 ISK

2018 MKD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MKD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 2.3035. Conversely, the yearly low was recorded on April 9, dropping to 1.9639.

This high-to-low spread represents a total annual volatility of 0.3396 ISK. From a start-to-finish perspective, comparing the January average rate of 2.0350 to the December average rate of 2.2270, the exchange rate registered a net change of 9.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 2.3035 was up 10.41% compared to the 2017 peak of 2.0863, 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 11,518 ISK

2017 Average 9,772 ISK

Yearly Trough Low 9,819 ISK

Transaction Impact: A difference of 1,698.24 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

2.3000

1.9569

JanuMarcMayJulySeptNove

MKD to ISK 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 2.0102, compared to 2.1350 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1248 points.

H1 Avg (Jan–Jun) 2.0102

H2 Avg (Jul–Dec) 2.1350

Volatility Range Comparison

Volatility

The most volatile month in 2018 was October, with a trading range of 0.1396 ISK (High: 2.2430 / Low: 2.1034). On the other end, January was the most stable month, with a tight range of 0.0320 ISK (High: 2.0487 / Low: 2.0167).

October Spread (Volatile) ±0.1396

January Spread (Stable) ±0.0320

Growth Streaks & Declines

Trends

Between August and November, 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 November and December, when the average rate fell by 0.0444 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0444

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2018: 2.2714) against the same month in 2017 (average: 1.9858), the exchange rate shifted by +0.2856 (+14.38%).

2018 Avg (November) 2.2714

2017 Avg (November) 1.9858

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0487	2.0167	2.0350
February	2.0371	2.0045	2.0239
March	2.0129	1.9681	1.9926
April	2.0063	1.9639	1.9855
May	2.0116	1.9754	1.9941
June	2.0732	1.9809	2.0300
July	2.0433	1.9909	2.0208
August	2.0313	1.9904	2.0166
September	2.1418	2.0292	2.0894
October	2.2430	2.1034	2.1847
November	2.3035	2.2374	2.2714
December	2.2902	2.1594	2.2270