2019 MKD to TOP Historical Review

YEARLY HIGH

0.0424 TOP

YEARLY LOW

0.0402 TOP

YEARLY AVERAGE

0.0417 TOP

2019 MKD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MKD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.0424. Conversely, the yearly low was recorded on April 1, dropping to 0.0402.

This high-to-low spread represents a total annual volatility of 0.0022 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0420 to the December average rate of 0.0415, the exchange rate registered a net change of -1.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.0424 was down 6.24% compared to the 2018 peak of 0.0453, 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 212 TOP

2018 Average 218 TOP

Yearly Trough Low 201 TOP

Transaction Impact: A difference of 11.19 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.0421

0.0414

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 0.0417, compared to 0.0417 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0417

H2 Avg (Jul–Dec) 0.0417

Volatility Range Comparison

Volatility

The most volatile month in 2019 was April, with a trading range of 0.0018 TOP (High: 0.0420 / Low: 0.0402). On the other end, May was the most stable month, with a tight range of 0.0003 TOP (High: 0.0417 / Low: 0.0414).

April Spread (Volatile) ±0.0018

May Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0004 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2019: 0.0418) against the same month in 2018 (average: 0.0433), the exchange rate shifted by -0.0014 (-3.33%).

2019 Avg (August) 0.0418

2018 Avg (August) 0.0433

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0424	0.0417	0.0420
February	0.0418	0.0412	0.0416
March	0.0419	0.0413	0.0416
April	0.0420	0.0402	0.0414
May	0.0417	0.0414	0.0416
June	0.0424	0.0415	0.0420
July	0.0421	0.0414	0.0417
August	0.0424	0.0414	0.0418
September	0.0419	0.0408	0.0415
October	0.0422	0.0414	0.0418
November	0.0420	0.0411	0.0416
December	0.0418	0.0413	0.0415