2018 PEN to MKD Historical Review

YEARLY HIGH

16.4927 MKD

YEARLY LOW

15.1432 MKD

YEARLY AVERAGE

15.8700 MKD

2018 PEN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the PEN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 14, valuing the pair at 16.4927. Conversely, the yearly low was recorded on February 14, dropping to 15.1432.

This high-to-low spread represents a total annual volatility of 1.3495 MKD. From a start-to-finish perspective, comparing the January average rate of 15.6968 to the December average rate of 16.0810, the exchange rate registered a net change of 2.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 16.4927 was down 8.42% compared to the 2017 peak of 18.0085, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 82,464 MKD

2017 Average 83,743 MKD

Yearly Trough Low 75,716 MKD

Transaction Impact: A difference of 6,747.45 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

16.3119

15.2675

JanuMarcMayJulySeptNove

PEN 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 15.6582, compared to 16.0819 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4237 points.

H1 Avg (Jan–Jun) 15.6582

H2 Avg (Jul–Dec) 16.0819

Volatility Range Comparison

Volatility

The most volatile month in 2018 was January, with a trading range of 0.6061 MKD (High: 16.0270 / Low: 15.4209). On the other end, July was the most stable month, with a tight range of 0.2138 MKD (High: 16.1633 / Low: 15.9495).

January Spread (Volatile) ±0.6061

July Spread (Stable) ±0.2138

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.3423 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.3423

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2018: 16.2249) against the same month in 2017 (average: 16.1016), the exchange rate shifted by +0.1233 (+0.77%).

2018 Avg (August) 16.2249

2017 Avg (August) 16.1016

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.0270	15.4209	15.6968
February	15.4851	15.1432	15.3545
March	15.5179	15.2255	15.3622
April	15.7108	15.3785	15.5345
May	16.2623	15.6832	15.9165
June	16.2767	15.8794	16.0845
July	16.1633	15.9495	16.0836
August	16.4927	15.9534	16.2249
September	16.0840	15.8355	15.9722
October	16.2878	15.9148	16.0864
November	16.1917	15.9205	16.0432
December	16.2725	15.9245	16.0810