2019 PHP to MKD Historical Review

YEARLY HIGH

1.1049 MKD

YEARLY LOW

1.0188 MKD

YEARLY AVERAGE

1.0619 MKD

2019 PHP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the PHP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 10, valuing the pair at 1.1049. Conversely, the yearly low was recorded on March 14, dropping to 1.0188.

This high-to-low spread represents a total annual volatility of 0.0862 MKD. From a start-to-finish perspective, comparing the January average rate of 1.0293 to the December average rate of 1.0903, the exchange rate registered a net change of 5.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 1.1049 was up 5.95% compared to the 2018 peak of 1.0429, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 276,236 MKD

2018 Average 247,671 MKD

Yearly Trough Low 254,691 MKD

Transaction Impact: A difference of 21,545.30 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

1.1048

1.0224

JanuMarcMayJulySeptNove

PHP 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 1.0449, compared to 1.0789 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0340 points.

H1 Avg (Jan–Jun) 1.0449

H2 Avg (Jul–Dec) 1.0789

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.0376 MKD (High: 1.0821 / Low: 1.0445). On the other end, April was the most stable month, with a tight range of 0.0139 MKD (High: 1.0615 / Low: 1.0476).

August Spread (Volatile) ±0.0376

April Spread (Stable) ±0.0139

Growth Streaks & Declines

Trends

Between August and November, 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 0.0095 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0095

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2019: 1.0979) against the same month in 2018 (average: 1.0258), the exchange rate shifted by +0.0722 (+7.04%).

2019 Avg (November) 1.0979

2018 Avg (November) 1.0258

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0378	1.0236	1.0293
February	1.0463	1.0257	1.0398
March	1.0517	1.0188	1.0365
April	1.0615	1.0476	1.0545
May	1.0634	1.0442	1.0543
June	1.0629	1.0440	1.0547
July	1.0829	1.0585	1.0697
August	1.0821	1.0445	1.0601
September	1.0886	1.0639	1.0734
October	1.0896	1.0737	1.0816
November	1.1049	1.0895	1.0979
December	1.0976	1.0808	1.0903