2018 MKD to RSD Historical Review

YEARLY HIGH

1.9624 RSD

YEARLY LOW

1.9024 RSD

YEARLY AVERAGE

1.9207 RSD

2018 MKD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MKD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 14, valuing the pair at 1.9624. Conversely, the yearly low was recorded on November 29, dropping to 1.9024.

This high-to-low spread represents a total annual volatility of 0.0600 RSD. From a start-to-finish perspective, comparing the January average rate of 1.9260 to the December average rate of 1.9214, the exchange rate registered a net change of -0.24% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 1.9624 was down 2.73% compared to the 2017 peak of 2.0175, 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 9,812 RSD

2017 Average 9,847 RSD

Yearly Trough Low 9,512 RSD

Transaction Impact: A difference of 300.07 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

1.9270

1.9149

JanuMarcMayJulySeptNove

MKD to RSD 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 1.9212, compared to 1.9202 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 1.9212

H2 Avg (Jul–Dec) 1.9202

Volatility Range Comparison

Volatility

The most volatile month in 2018 was June, with a trading range of 0.0489 RSD (High: 1.9624 / Low: 1.9135). On the other end, May was the most stable month, with a tight range of 0.0032 RSD (High: 1.9207 / Low: 1.9175).

June Spread (Volatile) ±0.0489

May Spread (Stable) ±0.0032

Growth Streaks & Declines

Trends

Between July and October, 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 June and July, when the average rate fell by 0.0066 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0066

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2018: 1.9226) against the same month in 2017 (average: 1.9771), the exchange rate shifted by -0.0545 (-2.76%).

2018 Avg (June) 1.9226

2017 Avg (June) 1.9771

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9345	1.9192	1.9260
February	1.9279	1.9119	1.9210
March	1.9276	1.9139	1.9198
April	1.9259	1.9167	1.9191
May	1.9207	1.9175	1.9190
June	1.9624	1.9135	1.9226
July	1.9190	1.9126	1.9159
August	1.9241	1.9139	1.9171
September	1.9251	1.9170	1.9208
October	1.9345	1.9177	1.9234
November	1.9319	1.9024	1.9226
December	1.9328	1.9136	1.9214