2018 SAR to MKD Historical Review

YEARLY HIGH

14.5632 MKD

YEARLY LOW

13.1267 MKD

YEARLY AVERAGE

13.9067 MKD

2018 SAR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the SAR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 14.5632. Conversely, the yearly low was recorded on February 1, dropping to 13.1267.

This high-to-low spread represents a total annual volatility of 1.4365 MKD. From a start-to-finish perspective, comparing the January average rate of 13.4605 to the December average rate of 14.4218, the exchange rate registered a net change of 7.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 14.5632 was down 7.57% compared to the 2017 peak of 15.7558, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 72,816 MKD

2017 Average 72,814 MKD

Yearly Trough Low 65,634 MKD

Transaction Impact: A difference of 7,182.30 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

14.5388

13.1892

JanuMarcMayJulySeptNove

SAR 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 13.5610, compared to 14.2524 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6915 points.

H1 Avg (Jan–Jun) 13.5610

H2 Avg (Jul–Dec) 14.2524

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 0.7611 MKD (High: 14.2258 / Low: 13.4647). On the other end, July was the most stable month, with a tight range of 0.1378 MKD (High: 14.1031 / Low: 13.9653).

May Spread (Volatile) ±0.7611

July Spread (Stable) ±0.1378

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1589 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.1589

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2018: 14.4263) against the same month in 2017 (average: 13.9818), the exchange rate shifted by +0.4446 (+3.18%).

2018 Avg (November) 14.4263

2017 Avg (November) 13.9818

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.7623	13.2190	13.4605
February	13.4662	13.1267	13.3017
March	13.4036	13.1792	13.3130
April	13.5940	13.2603	13.3806
May	14.2258	13.4647	13.8855
June	14.2007	13.8258	14.0245
July	14.1031	13.9653	14.0484
August	14.4747	14.0233	14.2335
September	14.2100	13.9428	14.0937
October	14.4963	14.1455	14.2908
November	14.5632	14.3140	14.4263
December	14.5381	14.3168	14.4218