2018 MKD to KES Historical Review

YEARLY HIGH

2.0701 KES

YEARLY LOW

1.8562 KES

YEARLY AVERAGE

1.9437 KES

2018 MKD to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MKD to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 2.0701. Conversely, the yearly low was recorded on August 14, dropping to 1.8562.

This high-to-low spread represents a total annual volatility of 0.2139 KES. From a start-to-finish perspective, comparing the January average rate of 2.0381 to the December average rate of 1.8888, the exchange rate registered a net change of -7.32% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 2.0701 was up 2.62% compared to the 2017 peak of 2.0173, 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 10,350 KES

2017 Average 9,486 KES

Yearly Trough Low 9,281 KES

Transaction Impact: A difference of 1,069.46 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

2.0533

1.8707

JanuMarcMayJulySeptNove

MKD to KES 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 1.9925, compared to 1.8949 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0976 points.

H1 Avg (Jan–Jun) 1.9925

H2 Avg (Jul–Dec) 1.8949

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 0.0726 KES (High: 1.9724 / Low: 1.8998). On the other end, December was the most stable month, with a tight range of 0.0213 KES (High: 1.9002 / Low: 1.8789).

May Spread (Volatile) ±0.0726

December Spread (Stable) ±0.0213

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2018. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0729 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0729

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2018: 2.0330) against the same month in 2017 (average: 1.7902), the exchange rate shifted by +0.2428 (+13.56%).

2018 Avg (February) 2.0330

2017 Avg (February) 1.7902

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0640	1.9993	2.0381
February	2.0701	2.0019	2.0330
March	2.0430	2.0126	2.0261
April	2.0290	1.9673	2.0051
May	1.9724	1.8998	1.9322
June	1.9434	1.8985	1.9204
July	1.9260	1.9006	1.9104
August	1.9156	1.8562	1.8862
September	1.9292	1.8894	1.9079
October	1.9015	1.8707	1.8859
November	1.9134	1.8759	1.8903
December	1.9002	1.8789	1.8888