2019 PEN to MKD Historical Review

YEARLY HIGH

16.7765 MKD

YEARLY LOW

15.9548 MKD

YEARLY AVERAGE

16.4743 MKD

2019 PEN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the PEN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 12, valuing the pair at 16.7765. Conversely, the yearly low was recorded on January 1, dropping to 15.9548.

This high-to-low spread represents a total annual volatility of 0.8217 MKD. From a start-to-finish perspective, comparing the January average rate of 16.1454 to the December average rate of 16.5141, the exchange rate registered a net change of 2.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 16.7765 was up 1.72% compared to the 2018 peak of 16.4927, 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 83,883 MKD

2018 Average 79,369 MKD

Yearly Trough Low 79,774 MKD

Transaction Impact: A difference of 4,108.51 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

16.6899

16.0959

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 16.4093, compared to 16.5392 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1300 points.

H1 Avg (Jan–Jun) 16.4093

H2 Avg (Jul–Dec) 16.5392

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.5616 MKD (High: 16.7393 / Low: 16.1777). On the other end, April was the most stable month, with a tight range of 0.1633 MKD (High: 16.6500 / Low: 16.4867).

August Spread (Volatile) ±0.5616

April Spread (Stable) ±0.1633

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 0.2513 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2513

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2019: 16.6404) against the same month in 2018 (average: 15.9722), the exchange rate shifted by +0.6682 (+4.18%).

2019 Avg (September) 16.6404

2018 Avg (September) 15.9722

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.2957	15.9548	16.1454
February	16.4785	16.1352	16.3376
March	16.5773	16.3456	16.4653
April	16.6500	16.4867	16.5839
May	16.6160	16.4063	16.5345
June	16.5074	16.2606	16.3889
July	16.7521	16.4400	16.6155
August	16.7393	16.1777	16.3643
September	16.7765	16.4062	16.6404
October	16.6430	16.4782	16.5732
November	16.6811	16.4223	16.5279
December	16.7306	16.3132	16.5141