2019 NGN to MKD Historical Review

YEARLY HIGH

0.1808 MKD

YEARLY LOW

0.1466 MKD

YEARLY AVERAGE

0.1527 MKD

2019 NGN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the NGN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 0.1808. Conversely, the yearly low was recorded on January 9, dropping to 0.1466.

This high-to-low spread represents a total annual volatility of 0.0341 MKD. From a start-to-finish perspective, comparing the January average rate of 0.1485 to the December average rate of 0.1526, the exchange rate registered a net change of 2.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.1808 was up 20.10% compared to the 2018 peak of 0.1505, 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 180,753 MKD

2018 Average 144,400 MKD

Yearly Trough Low 146,612 MKD

Transaction Impact: A difference of 34,140.87 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.1585

0.1476

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 0.1521, compared to 0.1534 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.1521

H2 Avg (Jul–Dec) 0.1534

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.0300 MKD (High: 0.1808 / Low: 0.1507). On the other end, May was the most stable month, with a tight range of 0.0018 MKD (High: 0.1537 / Low: 0.1519).

August Spread (Volatile) ±0.0300

May Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between January and June, 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 June and July, when the average rate fell by 0.0058 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0058

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2019: 0.1542) against the same month in 2018 (average: 0.1479), the exchange rate shifted by +0.0064 (+4.30%).

2019 Avg (August) 0.1542

2018 Avg (August) 0.1479

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1498	0.1466	0.1485
February	0.1515	0.1487	0.1501
March	0.1526	0.1493	0.1511
April	0.1538	0.1507	0.1521
May	0.1537	0.1519	0.1529
June	0.1791	0.1499	0.1576
July	0.1531	0.1496	0.1517
August	0.1808	0.1507	0.1542
September	0.1562	0.1533	0.1545
October	0.1555	0.1524	0.1538
November	0.1544	0.1522	0.1537
December	0.1541	0.1509	0.1526