YEARLY HIGH
0.0740 QAR
YEARLY LOW
0.0667 QAR
YEARLY AVERAGE
0.0699 QAR

2018 MKD to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MKD to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 0.0740. Conversely, the yearly low was recorded on November 13, dropping to 0.0667.

This high-to-low spread represents a total annual volatility of 0.0073 QAR. From a start-to-finish perspective, comparing the January average rate of 0.0721 to the December average rate of 0.0674, the exchange rate registered a net change of -6.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.0740 was down 1.01% compared to the 2017 peak of 0.0747, 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 370 QAR
2017 Average 337 QAR
Yearly Trough Low 333 QAR
Transaction Impact: A difference of 36.59 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.0736
0.0667
JanuMarcMayJulySeptNove

MKD to QAR 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 0.0716, compared to 0.0681 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0035 points.

H1 Avg (Jan–Jun) 0.0716
H2 Avg (Jul–Dec) 0.0681

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 0.0031 QAR (High: 0.0714 / Low: 0.0682). On the other end, July was the most stable month, with a tight range of 0.0007 QAR (High: 0.0695 / Low: 0.0688).

May Spread (Volatile) ±0.0031
July Spread (Stable) ±0.0007

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 0.0027 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0027

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2018: 0.0730) against the same month in 2017 (average: 0.0629), the exchange rate shifted by +0.0101 (+16.03%).

2018 Avg (February) 0.0730
2017 Avg (February) 0.0629

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0735 0.0705 0.0721
February 0.0740 0.0721 0.0730
March 0.0737 0.0724 0.0729
April 0.0732 0.0714 0.0726
May 0.0714 0.0682 0.0699
June 0.0700 0.0684 0.0692
July 0.0695 0.0688 0.0691
August 0.0692 0.0671 0.0682
September 0.0696 0.0683 0.0689
October 0.0686 0.0669 0.0679
November 0.0678 0.0667 0.0673
December 0.0679 0.0667 0.0674