2019 NPR to MKD Historical Review

YEARLY HIGH

0.5020 MKD

YEARLY LOW

0.4696 MKD

YEARLY AVERAGE

0.4882 MKD

2019 NPR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the NPR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 1, valuing the pair at 0.5020. Conversely, the yearly low was recorded on February 4, dropping to 0.4696.

This high-to-low spread represents a total annual volatility of 0.0324 MKD. From a start-to-finish perspective, comparing the January average rate of 0.4777 to the December average rate of 0.4861, the exchange rate registered a net change of 1.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.5020 was down 0.94% compared to the 2018 peak of 0.5068, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,510 MKD

2018 Average 2,387 MKD

Yearly Trough Low 2,348 MKD

Transaction Impact: A difference of 161.79 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.4995

0.4750

JanuMarcMayJulySeptNove

NPR 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 0.4868, compared to 0.4896 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0028 points.

H1 Avg (Jan–Jun) 0.4868

H2 Avg (Jul–Dec) 0.4896

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.0214 MKD (High: 0.5020 / Low: 0.4806). On the other end, November was the most stable month, with a tight range of 0.0077 MKD (High: 0.4912 / Low: 0.4835).

August Spread (Volatile) ±0.0214

November Spread (Stable) ±0.0077

Growth Streaks & Declines

Trends

Between February and May, 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 0.0101 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0101

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2019: 0.4874) against the same month in 2018 (average: 0.4797), the exchange rate shifted by +0.0076 (+1.59%).

2019 Avg (August) 0.4874

2018 Avg (August) 0.4797

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4869	0.4710	0.4777
February	0.4828	0.4696	0.4770
March	0.4958	0.4767	0.4896
April	0.4985	0.4898	0.4926
May	0.4975	0.4858	0.4933
June	0.4964	0.4864	0.4906
July	0.5015	0.4887	0.4974
August	0.5020	0.4806	0.4874
September	0.4987	0.4835	0.4901
October	0.4967	0.4840	0.4898
November	0.4912	0.4835	0.4872
December	0.4897	0.4795	0.4861