YEARLY HIGH
0.0680 QAR
YEARLY LOW
0.0645 QAR
YEARLY AVERAGE
0.0663 QAR

2019 MKD to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MKD to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.0680. Conversely, the yearly low was recorded on September 26, dropping to 0.0645.

This high-to-low spread represents a total annual volatility of 0.0035 QAR. From a start-to-finish perspective, comparing the January average rate of 0.0675 to the December average rate of 0.0658, the exchange rate registered a net change of -2.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.0680 was down 8.12% compared to the 2018 peak of 0.0740, 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 340 QAR
2018 Average 349 QAR
Yearly Trough Low 323 QAR
Transaction Impact: A difference of 17.25 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.0677
0.0650
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 0.0668, compared to 0.0657 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.0668
H2 Avg (Jul–Dec) 0.0657

Volatility Range Comparison

Volatility

The most volatile month in 2019 was June, with a trading range of 0.0016 QAR (High: 0.0674 / Low: 0.0658). On the other end, May was the most stable month, with a tight range of 0.0007 QAR (High: 0.0665 / Low: 0.0658).

June Spread (Volatile) ±0.0016
May Spread (Stable) ±0.0007

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 July and August, when the average rate fell by 0.0007 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2019: 0.0675) against the same month in 2018 (average: 0.0721), the exchange rate shifted by -0.0047 (-6.45%).

2019 Avg (January) 0.0675
2018 Avg (January) 0.0721

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0680 0.0672 0.0675
February 0.0679 0.0665 0.0671
March 0.0675 0.0664 0.0669
April 0.0671 0.0659 0.0665
May 0.0665 0.0658 0.0661
June 0.0674 0.0658 0.0668
July 0.0672 0.0660 0.0666
August 0.0664 0.0654 0.0659
September 0.0658 0.0645 0.0652
October 0.0660 0.0645 0.0654
November 0.0661 0.0651 0.0654
December 0.0664 0.0652 0.0658