2019 MRO to MKD Historical Review

YEARLY HIGH

0.1581 MKD

YEARLY LOW

0.1501 MKD

YEARLY AVERAGE

0.1539 MKD

2019 MRO to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MRO to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 0.1581. Conversely, the yearly low was recorded on January 9, dropping to 0.1501.

This high-to-low spread represents a total annual volatility of 0.0080 MKD. From a start-to-finish perspective, comparing the January average rate of 0.1512 to the December average rate of 0.1550, the exchange rate registered a net change of 2.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.1581 was down 38.63% compared to the 2018 peak of 0.2576, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MRO based on timing:

Yearly Peak High 790 MKD

2018 Average 735 MKD

Yearly Trough Low 750 MKD

Transaction Impact: A difference of 40.15 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.1570

0.1507

JanuMarcMayJulySeptNove

MRO 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: Jan–Jun) was 0.1527, compared to 0.1552 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.1527

H2 Avg (Jul–Dec) 0.1552

Volatility Range Comparison

Volatility

The most volatile month in 2019 was June, with a trading range of 0.0037 MKD (High: 0.1550 / Low: 0.1513). On the other end, May was the most stable month, with a tight range of 0.0016 MKD (High: 0.1550 / Low: 0.1534).

June Spread (Volatile) ±0.0037

May Spread (Stable) ±0.0016

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0015 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2019: 0.1564) against the same month in 2018 (average: 0.1480), the exchange rate shifted by +0.0084 (+5.70%).

2019 Avg (September) 0.1564

2018 Avg (September) 0.1480

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1518	0.1501	0.1512
February	0.1533	0.1503	0.1520
March	0.1536	0.1513	0.1524
April	0.1548	0.1520	0.1535
May	0.1550	0.1534	0.1542
June	0.1550	0.1513	0.1527
July	0.1546	0.1518	0.1532
August	0.1560	0.1532	0.1548
September	0.1581	0.1547	0.1564
October	0.1576	0.1544	0.1559
November	0.1566	0.1544	0.1559
December	0.1564	0.1536	0.1550