2019 MKD to ZAR Historical Review

YEARLY HIGH

0.2808 ZAR

YEARLY LOW

0.2465 ZAR

YEARLY AVERAGE

0.2628 ZAR

2019 MKD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MKD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.2808. Conversely, the yearly low was recorded on January 30, dropping to 0.2465.

This high-to-low spread represents a total annual volatility of 0.0342 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.2563 to the December average rate of 0.2600, the exchange rate registered a net change of 1.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.2808 was down 3.60% compared to the 2018 peak of 0.2912, 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 1,404 ZAR

2018 Average 1,268 ZAR

Yearly Trough Low 1,233 ZAR

Transaction Impact: A difference of 171.06 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.2767

0.2524

JanuMarcMayJulySeptNove

MKD to ZAR 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 0.2604, compared to 0.2653 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0049 points.

H1 Avg (Jan–Jun) 0.2604

H2 Avg (Jul–Dec) 0.2653

Volatility Range Comparison

Volatility

The most volatile month in 2019 was January, with a trading range of 0.0243 ZAR (High: 0.2708 / Low: 0.2465). On the other end, July was the most stable month, with a tight range of 0.0078 ZAR (High: 0.2615 / Low: 0.2537).

January Spread (Volatile) ±0.0243

July Spread (Stable) ±0.0078

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 June and July, when the average rate fell by 0.0100 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0100

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2019: 0.2747) against the same month in 2018 (average: 0.2633), the exchange rate shifted by +0.0114 (+4.33%).

2019 Avg (August) 0.2747

2018 Avg (August) 0.2633

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2708	0.2465	0.2563
February	0.2598	0.2479	0.2544
March	0.2681	0.2600	0.2645
April	0.2624	0.2541	0.2582
May	0.2673	0.2579	0.2617
June	0.2752	0.2600	0.2672
July	0.2615	0.2537	0.2572
August	0.2808	0.2635	0.2747
September	0.2736	0.2609	0.2663
October	0.2733	0.2630	0.2676
November	0.2727	0.2623	0.2658
December	0.2666	0.2545	0.2600