2019 MKD to RSD Historical Review

YEARLY HIGH

1.9356 RSD

YEARLY LOW

1.8983 RSD

YEARLY AVERAGE

1.9150 RSD

2019 MKD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MKD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 26, valuing the pair at 1.9356. Conversely, the yearly low was recorded on September 12, dropping to 1.8983.

This high-to-low spread represents a total annual volatility of 0.0373 RSD. From a start-to-finish perspective, comparing the January average rate of 1.9206 to the December average rate of 1.9110, the exchange rate registered a net change of -0.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 1.9356 was down 1.37% compared to the 2018 peak of 1.9624, 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 9,678 RSD

2018 Average 9,604 RSD

Yearly Trough Low 9,491 RSD

Transaction Impact: A difference of 186.54 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

1.9217

1.9084

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 1.9173, compared to 1.9127 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0046 points.

H1 Avg (Jan–Jun) 1.9173

H2 Avg (Jul–Dec) 1.9127

Volatility Range Comparison

Volatility

The most volatile month in 2019 was July, with a trading range of 0.0332 RSD (High: 1.9356 / Low: 1.9024). On the other end, November was the most stable month, with a tight range of 0.0066 RSD (High: 1.9134 / Low: 1.9068).

July Spread (Volatile) ±0.0332

November Spread (Stable) ±0.0066

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 0.0049 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0049

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2019: 1.9197) against the same month in 2018 (average: 1.9159), the exchange rate shifted by +0.0038 (+0.20%).

2019 Avg (July) 1.9197

2018 Avg (July) 1.9159

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9339	1.9023	1.9206
February	1.9273	1.9044	1.9190
March	1.9291	1.9063	1.9189
April	1.9211	1.9100	1.9169
May	1.9205	1.9028	1.9144
June	1.9277	1.9000	1.9140
July	1.9356	1.9024	1.9197
August	1.9230	1.9080	1.9149
September	1.9230	1.8983	1.9114
October	1.9169	1.9021	1.9096
November	1.9134	1.9068	1.9095
December	1.9206	1.8998	1.9110