YEARLY HIGH
0.5277 UAH
YEARLY LOW
0.4186 UAH
YEARLY AVERAGE
0.4701 UAH

2019 MKD to UAH Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MKD to UAH exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 0.5277. Conversely, the yearly low was recorded on December 26, dropping to 0.4186.

This high-to-low spread represents a total annual volatility of 0.1091 UAH. From a start-to-finish perspective, comparing the January average rate of 0.5168 to the December average rate of 0.4256, the exchange rate registered a net change of -17.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.5277 was down 9.58% compared to the 2018 peak of 0.5836, 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 2,639 UAH
2018 Average 2,608 UAH
Yearly Trough Low 2,093 UAH
Transaction Impact: A difference of 545.54 UAH purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.5260
0.4165
JanuMarcMayJulySeptNove

MKD to UAH 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 0.4939, compared to 0.4463 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0476 points.

H1 Avg (Jan–Jun) 0.4939
H2 Avg (Jul–Dec) 0.4463

Volatility Range Comparison

Volatility

The most volatile month in 2019 was July, with a trading range of 0.0303 UAH (High: 0.4852 / Low: 0.4549). On the other end, May was the most stable month, with a tight range of 0.0124 UAH (High: 0.4871 / Low: 0.4747).

July Spread (Volatile) ±0.0303
May Spread (Stable) ±0.0124

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 January and February, when the average rate fell by 0.0164 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0164

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2019: 0.5168) against the same month in 2018 (average: 0.5644), the exchange rate shifted by -0.0475 (-8.42%).

2019 Avg (January) 0.5168
2018 Avg (January) 0.5644

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.5277 0.5088 0.5168
February 0.5166 0.4956 0.5005
March 0.5029 0.4808 0.4937
April 0.4956 0.4778 0.4885
May 0.4871 0.4747 0.4790
June 0.4943 0.4793 0.4850
July 0.4852 0.4549 0.4701
August 0.4686 0.4516 0.4568
September 0.4537 0.4274 0.4424
October 0.4550 0.4347 0.4460
November 0.4502 0.4287 0.4369
December 0.4321 0.4186 0.4256