2018 MKD to TOP Historical Review

YEARLY HIGH

0.0453 TOP

YEARLY LOW

0.0413 TOP

YEARLY AVERAGE

0.0436 TOP

2018 MKD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MKD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 0.0453. Conversely, the yearly low was recorded on December 15, dropping to 0.0413.

This high-to-low spread represents a total annual volatility of 0.0040 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0445 to the December average rate of 0.0421, the exchange rate registered a net change of -5.45% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.0453 was up 1.95% compared to the 2017 peak of 0.0444, 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 226 TOP

2017 Average 208 TOP

Yearly Trough Low 207 TOP

Transaction Impact: A difference of 19.77 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.0448

0.0418

JanuMarcMayJulySeptNove

MKD to TOP 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 0.0441, compared to 0.0431 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) 0.0441

H2 Avg (Jul–Dec) 0.0431

Volatility Range Comparison

Volatility

The most volatile month in 2018 was January, with a trading range of 0.0015 TOP (High: 0.0453 / Low: 0.0437). On the other end, July was the most stable month, with a tight range of 0.0007 TOP (High: 0.0443 / Low: 0.0436).

January Spread (Volatile) ±0.0015

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 0.0008 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2018: 0.0445) against the same month in 2017 (average: 0.0398), the exchange rate shifted by +0.0048 (+11.94%).

2018 Avg (January) 0.0445

2017 Avg (January) 0.0398

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0453	0.0437	0.0445
February	0.0452	0.0439	0.0444
March	0.0449	0.0442	0.0445
April	0.0448	0.0436	0.0443
May	0.0441	0.0427	0.0435
June	0.0439	0.0431	0.0434
July	0.0443	0.0436	0.0439
August	0.0439	0.0426	0.0433
September	0.0442	0.0434	0.0437
October	0.0434	0.0423	0.0430
November	0.0428	0.0420	0.0424
December	0.0426	0.0413	0.0421