2019 MKD to NGN Historical Review

YEARLY HIGH

6.8207 NGN

YEARLY LOW

5.5324 NGN

YEARLY AVERAGE

6.5518 NGN

2019 MKD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MKD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 6.8207. Conversely, the yearly low was recorded on August 27, dropping to 5.5324.

This high-to-low spread represents a total annual volatility of 1.2883 NGN. From a start-to-finish perspective, comparing the January average rate of 6.7333 to the December average rate of 6.5511, the exchange rate registered a net change of -2.71% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 6.8207 was down 6.78% compared to the 2018 peak of 7.3171, 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 34,104 NGN

2018 Average 34,653 NGN

Yearly Trough Low 27,662 NGN

Transaction Impact: A difference of 6,441.53 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

6.7690

6.3411

JanuMarcMayJulySeptNove

MKD to NGN 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 6.5838, compared to 6.5198 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0640 points.

H1 Avg (Jan–Jun) 6.5838

H2 Avg (Jul–Dec) 6.5198

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 1.1030 NGN (High: 6.6354 / Low: 5.5324). On the other end, May was the most stable month, with a tight range of 0.0767 NGN (High: 6.5816 / Low: 6.5049).

August Spread (Volatile) ±1.1030

May Spread (Stable) ±0.0767

Growth Streaks & Declines

Trends

Between September and December, 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 May and June, when the average rate fell by 0.1649 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1649

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2019: 6.7333) against the same month in 2018 (average: 7.1353), the exchange rate shifted by -0.4020 (-5.63%).

2019 Avg (January) 6.7333

2018 Avg (January) 7.1353

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.8207	6.6766	6.7333
February	6.7265	6.6001	6.6610
March	6.6959	6.5530	6.6175
April	6.6359	6.5002	6.5730
May	6.5816	6.5049	6.5416
June	6.6691	5.5841	6.3767
July	6.6837	6.5319	6.5905
August	6.6354	5.5324	6.4956
September	6.5230	6.4036	6.4742
October	6.5607	6.4312	6.5016
November	6.5692	6.4752	6.5060
December	6.6257	6.4894	6.5511