2019 RSD to MKD Historical Review

YEARLY HIGH

0.5268 MKD

YEARLY LOW

0.5166 MKD

YEARLY AVERAGE

0.5222 MKD

2019 RSD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the RSD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 12, valuing the pair at 0.5268. Conversely, the yearly low was recorded on July 28, dropping to 0.5166.

This high-to-low spread represents a total annual volatility of 0.0102 MKD. From a start-to-finish perspective, comparing the January average rate of 0.5207 to the December average rate of 0.5233, the exchange rate registered a net change of 0.50% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.5268 was up 0.22% compared to the 2018 peak of 0.5257, 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 2,634 MKD

2018 Average 2,603 MKD

Yearly Trough Low 2,583 MKD

Transaction Impact: A difference of 50.77 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.5240

0.5204

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 0.5216, compared to 0.5228 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.5216

H2 Avg (Jul–Dec) 0.5228

Volatility Range Comparison

Volatility

The most volatile month in 2019 was July, with a trading range of 0.0090 MKD (High: 0.5257 / Low: 0.5166). On the other end, November was the most stable month, with a tight range of 0.0018 MKD (High: 0.5244 / Low: 0.5226).

July Spread (Volatile) ±0.0090

November Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0016 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2019: 0.5232) against the same month in 2018 (average: 0.5206), the exchange rate shifted by +0.0026 (+0.49%).

2019 Avg (September) 0.5232

2018 Avg (September) 0.5206

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5257	0.5171	0.5207
February	0.5251	0.5189	0.5211
March	0.5246	0.5184	0.5211
April	0.5236	0.5205	0.5217
May	0.5255	0.5207	0.5224
June	0.5263	0.5187	0.5225
July	0.5257	0.5166	0.5209
August	0.5241	0.5200	0.5222
September	0.5268	0.5200	0.5232
October	0.5257	0.5217	0.5237
November	0.5244	0.5226	0.5237
December	0.5264	0.5207	0.5233