2018 NZD to MKD Historical Review

YEARLY HIGH

37.7084 MKD

YEARLY LOW

34.3853 MKD

YEARLY AVERAGE

36.0803 MKD

2018 NZD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the NZD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 4, valuing the pair at 37.7084. Conversely, the yearly low was recorded on October 7, dropping to 34.3853.

This high-to-low spread represents a total annual volatility of 3.3231 MKD. From a start-to-finish perspective, comparing the January average rate of 36.6138 to the December average rate of 36.8194, the exchange rate registered a net change of 0.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 37.7084 was down 10.37% compared to the 2017 peak of 42.0690, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 188,542 MKD

2017 Average 194,096 MKD

Yearly Trough Low 171,926 MKD

Transaction Impact: A difference of 16,615.65 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

37.0140

34.6787

JanuMarcMayJulySeptNove

NZD 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 36.3802, compared to 35.7805 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5997 points.

H1 Avg (Jan–Jun) 36.3802

H2 Avg (Jul–Dec) 35.7805

Volatility Range Comparison

Volatility

The most volatile month in 2018 was December, with a trading range of 1.6869 MKD (High: 37.7084 / Low: 36.0215). On the other end, July was the most stable month, with a tight range of 0.4399 MKD (High: 35.9289 / Low: 35.4890).

December Spread (Volatile) ±1.6869

July Spread (Stable) ±0.4399

Growth Streaks & Declines

Trends

Between September and December, 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 June and July, when the average rate fell by 0.7157 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.7157

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 36.8194) against the same month in 2017 (average: 36.2202), the exchange rate shifted by +0.5992 (+1.65%).

2018 Avg (December) 36.8194

2017 Avg (December) 36.2202

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	37.1265	36.2217	36.6138
February	36.6796	35.9833	36.4355
March	36.5669	36.0255	36.2094
April	36.8518	35.7918	36.3185
May	36.8804	35.6947	36.2116
June	37.0020	35.7079	36.4924
July	35.9289	35.4890	35.7767
August	35.8986	35.0958	35.5711
September	35.1404	34.5946	34.8733
October	35.4866	34.3853	34.9708
November	37.4918	35.8239	36.6715
December	37.7084	36.0215	36.8194