2019 MKD to PHP Historical Review

YEARLY HIGH

0.9816 PHP

YEARLY LOW

0.9050 PHP

YEARLY AVERAGE

0.9421 PHP

2019 MKD to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MKD to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 14, valuing the pair at 0.9816. Conversely, the yearly low was recorded on November 10, dropping to 0.9050.

This high-to-low spread represents a total annual volatility of 0.0766 PHP. From a start-to-finish perspective, comparing the January average rate of 0.9716 to the December average rate of 0.9172, the exchange rate registered a net change of -5.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.9816 was down 7.53% compared to the 2018 peak of 1.0615, 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 4,908 PHP

2018 Average 5,050 PHP

Yearly Trough Low 4,525 PHP

Transaction Impact: A difference of 382.80 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.9777

0.9048

JanuMarcMayJulySeptNove

MKD to PHP 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 0.9572, compared to 0.9271 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0301 points.

H1 Avg (Jan–Jun) 0.9572

H2 Avg (Jul–Dec) 0.9271

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.0333 PHP (High: 0.9574 / Low: 0.9241). On the other end, April was the most stable month, with a tight range of 0.0125 PHP (High: 0.9546 / Low: 0.9421).

August Spread (Volatile) ±0.0333

April Spread (Stable) ±0.0125

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2019. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0165 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0165

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2019: 0.9648) against the same month in 2018 (average: 1.0438), the exchange rate shifted by -0.0789 (-7.56%).

2019 Avg (March) 0.9648

2018 Avg (March) 1.0438

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9769	0.9636	0.9716
February	0.9750	0.9557	0.9617
March	0.9816	0.9509	0.9648
April	0.9546	0.9421	0.9483
May	0.9577	0.9403	0.9485
June	0.9579	0.9408	0.9481
July	0.9447	0.9235	0.9349
August	0.9574	0.9241	0.9433
September	0.9399	0.9186	0.9316
October	0.9313	0.9178	0.9246
November	0.9179	0.9050	0.9108
December	0.9252	0.9111	0.9172