2018 NGN to MKD Historical Review

YEARLY HIGH

0.1505 MKD

YEARLY LOW

0.1367 MKD

YEARLY AVERAGE

0.1444 MKD

2018 NGN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the NGN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 14, valuing the pair at 0.1505. Conversely, the yearly low was recorded on February 15, dropping to 0.1367.

This high-to-low spread represents a total annual volatility of 0.0138 MKD. From a start-to-finish perspective, comparing the January average rate of 0.1402 to the December average rate of 0.1486, the exchange rate registered a net change of 6.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.1505 was down 21.46% compared to the 2017 peak of 0.1916, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 150,502 MKD

2017 Average 164,775 MKD

Yearly Trough Low 136,667 MKD

Transaction Impact: A difference of 13,834.88 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.1500

0.1373

JanuMarcMayJulySeptNove

NGN 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 0.1412, compared to 0.1475 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0063 points.

H1 Avg (Jan–Jun) 0.1412

H2 Avg (Jul–Dec) 0.1475

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 0.0068 MKD (High: 0.1483 / Low: 0.1415). On the other end, July was the most stable month, with a tight range of 0.0016 MKD (High: 0.1469 / Low: 0.1453).

May Spread (Volatile) ±0.0068

July Spread (Stable) ±0.0016

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0019 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2018: 0.1479) against the same month in 2017 (average: 0.1464), the exchange rate shifted by +0.0014 (+0.98%).

2018 Avg (August) 0.1479

2017 Avg (August) 0.1464

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1434	0.1376	0.1402
February	0.1399	0.1367	0.1384
March	0.1396	0.1374	0.1386
April	0.1417	0.1381	0.1394
May	0.1483	0.1415	0.1446
June	0.1480	0.1444	0.1460
July	0.1469	0.1453	0.1461
August	0.1505	0.1454	0.1479
September	0.1481	0.1440	0.1460
October	0.1495	0.1458	0.1475
November	0.1505	0.1478	0.1489
December	0.1502	0.1474	0.1486