2018 RSD to MKD Historical Review

YEARLY HIGH

0.5257 MKD

YEARLY LOW

0.5096 MKD

YEARLY AVERAGE

0.5206 MKD

2018 RSD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the RSD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 29, valuing the pair at 0.5257. Conversely, the yearly low was recorded on June 14, dropping to 0.5096.

This high-to-low spread represents a total annual volatility of 0.0161 MKD. From a start-to-finish perspective, comparing the January average rate of 0.5192 to the December average rate of 0.5204, the exchange rate registered a net change of 0.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.5257 was up 0.78% compared to the 2017 peak of 0.5216, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,628 MKD

2017 Average 2,540 MKD

Yearly Trough Low 2,548 MKD

Transaction Impact: A difference of 80.38 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.5222

0.5189

JanuMarcMayJulySeptNove

RSD 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 0.5205, compared to 0.5208 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.5205

H2 Avg (Jul–Dec) 0.5208

Volatility Range Comparison

Volatility

The most volatile month in 2018 was June, with a trading range of 0.0130 MKD (High: 0.5226 / Low: 0.5096). On the other end, May was the most stable month, with a tight range of 0.0009 MKD (High: 0.5215 / Low: 0.5206).

June Spread (Volatile) ±0.0130

May Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between January and May, 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 August and September, when the average rate fell by 0.0010 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2018: 0.5201) against the same month in 2017 (average: 0.5184), the exchange rate shifted by +0.0018 (+0.34%).

2018 Avg (November) 0.5201

2017 Avg (November) 0.5184

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5211	0.5169	0.5192
February	0.5230	0.5187	0.5206
March	0.5225	0.5188	0.5209
April	0.5217	0.5192	0.5211
May	0.5215	0.5206	0.5211
June	0.5226	0.5096	0.5202
July	0.5229	0.5211	0.5219
August	0.5225	0.5197	0.5216
September	0.5216	0.5195	0.5206
October	0.5214	0.5169	0.5199
November	0.5257	0.5176	0.5201
December	0.5226	0.5174	0.5204