2019 SAR to MKD Historical Review

YEARLY HIGH

15.0448 MKD

YEARLY LOW

14.2787 MKD

YEARLY AVERAGE

14.6535 MKD

2019 SAR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the SAR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 15.0448. Conversely, the yearly low was recorded on January 9, dropping to 14.2787.

This high-to-low spread represents a total annual volatility of 0.7661 MKD. From a start-to-finish perspective, comparing the January average rate of 14.3915 to the December average rate of 14.7570, the exchange rate registered a net change of 2.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 15.0448 was up 3.31% compared to the 2018 peak of 14.5632, 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 75,224 MKD

2018 Average 69,554 MKD

Yearly Trough Low 71,394 MKD

Transaction Impact: A difference of 3,830.57 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

14.9376

14.3418

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 14.5331, compared to 14.7740 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2409 points.

H1 Avg (Jan–Jun) 14.5331

H2 Avg (Jul–Dec) 14.7740

Volatility Range Comparison

Volatility

The most volatile month in 2019 was June, with a trading range of 0.3550 MKD (High: 14.7502 / Low: 14.3951). On the other end, May was the most stable month, with a tight range of 0.1516 MKD (High: 14.7570 / Low: 14.6054).

June Spread (Volatile) ±0.3550

May Spread (Stable) ±0.1516

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 May and June, when the average rate fell by 0.1470 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1470

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2019: 14.8880) against the same month in 2018 (average: 14.0937), the exchange rate shifted by +0.7943 (+5.64%).

2019 Avg (September) 14.8880

2018 Avg (September) 14.0937

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.4461	14.2787	14.3915
February	14.5975	14.3097	14.4704
March	14.6190	14.4035	14.5103
April	14.7337	14.4734	14.6081
May	14.7570	14.6054	14.6825
June	14.7502	14.3951	14.5355
July	14.7124	14.4512	14.5829
August	14.8484	14.5830	14.7345
September	15.0448	14.7269	14.8880
October	14.9980	14.6959	14.8357
November	14.9107	14.6943	14.8458
December	14.8847	14.6189	14.7570