2018 MZN to MKD Historical Review

YEARLY HIGH

0.9337 MKD

YEARLY LOW

0.7975 MKD

YEARLY AVERAGE

0.8660 MKD

2018 MZN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MZN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 13, valuing the pair at 0.9337. Conversely, the yearly low was recorded on March 26, dropping to 0.7975.

This high-to-low spread represents a total annual volatility of 0.1362 MKD. From a start-to-finish perspective, comparing the January average rate of 0.8545 to the December average rate of 0.8869, the exchange rate registered a net change of 3.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.9337 was up 0.70% compared to the 2017 peak of 0.9272, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,669 MKD

2017 Average 4,257 MKD

Yearly Trough Low 3,988 MKD

Transaction Impact: A difference of 680.96 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.9196

0.7967

JanuMarcMayJulySeptNove

MZN 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 0.8426, compared to 0.8895 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0469 points.

H1 Avg (Jan–Jun) 0.8426

H2 Avg (Jul–Dec) 0.8895

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 0.0541 MKD (High: 0.9337 / Low: 0.8797). On the other end, November was the most stable month, with a tight range of 0.0159 MKD (High: 0.8969 / Low: 0.8810).

August Spread (Volatile) ±0.0541

November Spread (Stable) ±0.0159

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0358 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0358

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2018: 0.9093) against the same month in 2017 (average: 0.8540), the exchange rate shifted by +0.0554 (+6.48%).

2018 Avg (August) 0.9093

2017 Avg (August) 0.8540

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8767	0.8238	0.8545
February	0.8348	0.8094	0.8187
March	0.8207	0.7975	0.8069
April	0.8535	0.8142	0.8270
May	0.8884	0.8538	0.8654
June	0.8955	0.8717	0.8828
July	0.9086	0.8761	0.8930
August	0.9337	0.8797	0.9093
September	0.8858	0.8601	0.8740
October	0.8965	0.8760	0.8845
November	0.8969	0.8810	0.8892
December	0.9019	0.8799	0.8869