2019 NOK to MKD Historical Review

YEARLY HIGH

6.4420 MKD

YEARLY LOW

5.9966 MKD

YEARLY AVERAGE

6.2496 MKD

2019 NOK to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the NOK to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 10, valuing the pair at 6.4420. Conversely, the yearly low was recorded on October 29, dropping to 5.9966.

This high-to-low spread represents a total annual volatility of 0.4454 MKD. From a start-to-finish perspective, comparing the January average rate of 6.3113 to the December average rate of 6.1395, the exchange rate registered a net change of -2.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 6.4420 was down 1.54% compared to the 2018 peak of 6.5425, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 32,210 MKD

2018 Average 32,047 MKD

Yearly Trough Low 29,983 MKD

Transaction Impact: A difference of 2,226.95 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

6.4256

6.0529

JanuMarcMayJulySeptNove

NOK 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 6.3296, compared to 6.1696 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1600 points.

H1 Avg (Jan–Jun) 6.3296

H2 Avg (Jul–Dec) 6.1696

Volatility Range Comparison

Volatility

The most volatile month in 2019 was January, with a trading range of 0.2967 MKD (High: 6.4277 / Low: 6.1310). On the other end, November was the most stable month, with a tight range of 0.0746 MKD (High: 6.1278 / Low: 6.0532).

January Spread (Volatile) ±0.2967

November Spread (Stable) ±0.0746

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.1828 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1828

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2019: 6.3945) against the same month in 2018 (average: 6.3957), the exchange rate shifted by -0.0011 (-0.02%).

2019 Avg (April) 6.3945

2018 Avg (April) 6.3957

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.4277	6.1310	6.3113
February	6.3671	6.2636	6.3222
March	6.4038	6.2387	6.3269
April	6.4420	6.3501	6.3945
May	6.3624	6.2526	6.3011
June	6.4217	6.2433	6.3214
July	6.4076	6.2280	6.3475
August	6.2380	6.0795	6.1647
September	6.2409	6.1100	6.1933
October	6.1738	5.9966	6.0839
November	6.1278	6.0532	6.0886
December	6.2578	6.0433	6.1395