YEARLY HIGH
1.0429 MKD
YEARLY LOW
0.9420 MKD
YEARLY AVERAGE
0.9904 MKD

2018 PHP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the PHP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 2, valuing the pair at 1.0429. Conversely, the yearly low was recorded on February 15, dropping to 0.9420.

This high-to-low spread represents a total annual volatility of 0.1008 MKD. From a start-to-finish perspective, comparing the January average rate of 0.9994 to the December average rate of 1.0249, the exchange rate registered a net change of 2.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 1.0429 was down 12.19% compared to the 2017 peak of 1.1877, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 260,718 MKD
2017 Average 271,137 MKD
Yearly Trough Low 235,506 MKD
Transaction Impact: A difference of 25,212.33 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

1.0325
0.9513
JanuMarcMayJulySeptNove

PHP to MKD 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: JanтАУJun) was 0.9786, compared to 1.0023 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.0238 points.

H1 Avg (JanтАУJun) 0.9786
H2 Avg (JulтАУDec) 1.0023

Volatility Range Comparison

Volatility

The most volatile month in 2018 was January, with a trading range of 0.0647 MKD (High: 1.0296 / Low: 0.9649). On the other end, July was the most stable month, with a tight range of 0.0149 MKD (High: 0.9938 / Low: 0.9789).

January Spread (Volatile) ┬▒0.0647
July Spread (Stable) ┬▒0.0149

Growth Streaks & Declines

Trends

Between March and May, 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 0.0378 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0378

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 1.0249) against the same month in 2017 (average: 1.0338), the exchange rate shifted by -0.0090 (-0.87%).

2018 Avg (December) 1.0249
2017 Avg (December) 1.0338

рдорд╛рд╕рд┐рдХ рд╡рд┐рд╢реНрд▓реЗрд╖рдг

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Month High Low Average
January 1.0296 0.9649 0.9994
February 0.9791 0.9420 0.9616
March 0.9664 0.9457 0.9581
April 0.9872 0.9550 0.9645
May 1.0118 0.9828 0.9968
June 1.0061 0.9735 0.9909
July 0.9938 0.9789 0.9873
August 1.0152 0.9851 1.0023
September 0.9924 0.9648 0.9796
October 1.0180 0.9821 0.9941
November 1.0410 1.0123 1.0258
December 1.0429 1.0135 1.0249