2019 NZD to MKD Historical Review

YEARLY HIGH

37.6229 MKD

YEARLY LOW

34.7868 MKD

YEARLY AVERAGE

36.2237 MKD

2019 NZD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the NZD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 26, valuing the pair at 37.6229. Conversely, the yearly low was recorded on August 25, dropping to 34.7868.

This high-to-low spread represents a total annual volatility of 2.8361 MKD. From a start-to-finish perspective, comparing the January average rate of 36.5975 to the December average rate of 36.5350, the exchange rate registered a net change of -0.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 37.6229 was down 0.23% compared to the 2018 peak of 37.7084, 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 188,114 MKD

2018 Average 180,387 MKD

Yearly Trough Low 173,934 MKD

Transaction Impact: A difference of 14,180.36 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

37.3851

35.0900

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 36.6320, compared to 35.8155 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8164 points.

H1 Avg (Jan–Jun) 36.6320

H2 Avg (Jul–Dec) 35.8155

Volatility Range Comparison

Volatility

The most volatile month in 2019 was January, with a trading range of 1.6009 MKD (High: 37.3228 / Low: 35.7219). On the other end, October was the most stable month, with a tight range of 0.5083 MKD (High: 35.4767 / Low: 34.9684).

January Spread (Volatile) ±1.6009

October Spread (Stable) ±0.5083

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.9583 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.9583

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2019: 37.1939) against the same month in 2018 (average: 36.2094), the exchange rate shifted by +0.9845 (+2.72%).

2019 Avg (March) 37.1939

2018 Avg (March) 36.2094

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	37.3228	35.7219	36.5975
February	37.5865	36.5766	37.0889
March	37.6229	36.7192	37.1939
April	37.2798	36.3219	36.7738
May	36.5658	35.8025	36.1413
June	36.4060	35.3404	35.9963
July	37.0468	36.1485	36.5157
August	36.3675	34.7868	35.5574
September	35.8753	34.8992	35.3967
October	35.4767	34.9684	35.2812
November	35.8898	35.3554	35.6072
December	37.0075	35.9009	36.5350