2026 MKD to TOP Historical Review

YEARLY HIGH

0.0470 TOP

YEARLY LOW

0.0444 TOP

YEARLY AVERAGE

0.0454 TOP

2026 MKD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2026

During 2026, the MKD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 0.0470. Conversely, the yearly low was recorded on June 24, dropping to 0.0444.

This high-to-low spread represents a total annual volatility of 0.0026 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0458 to the December average rate of 0.0451, the exchange rate registered a net change of -1.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2026 high of 0.0470 was up 1.44% compared to the 2025 peak of 0.0463, 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 235 TOP

2025 Average 221 TOP

Yearly Trough Low 222 TOP

Transaction Impact: A difference of 13.00 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2026.

0.0464

0.0445

JanuMarcMayJuly

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 0.0456, compared to 0.0449 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0456

H2 Avg (Jul–Dec) 0.0449

Volatility Range Comparison

Volatility

The most volatile month in 2026 was January, with a trading range of 0.0016 TOP (High: 0.0470 / Low: 0.0454). On the other end, August was the most stable month, with a tight range of 0.0000 TOP (High: 0.0451 / Low: 0.0451).

January Spread (Volatile) ±0.0016

August Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2026. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0010 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2026: 0.0458) against the same month in 2025 (average: 0.0409), the exchange rate shifted by +0.0050 (+12.18%).

2026 Avg (January) 0.0458

2025 Avg (January) 0.0409

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0470	0.0454	0.0458
February	0.0465	0.0460	0.0462
March	0.0462	0.0447	0.0452
April	0.0461	0.0450	0.0457
May	0.0458	0.0454	0.0455
June	0.0456	0.0444	0.0450
July	0.0451	0.0445	0.0446
August	0.0451	0.0451	0.0451