2018 SCR to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 SCR to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the SCR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 4.0042. Conversely, the yearly low was recorded on February 1, dropping to 3.5153.
This high-to-low spread represents a total annual volatility of 0.4889 MKD. From a start-to-finish perspective, comparing the January average rate of 3.6285 to the December average rate of 3.9567, the exchange rate registered a net change of 9.04% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 4.0042 was down 11.52% compared to the 2017 peak of 4.5257, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SCR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
SCR to MKD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 3.7387, compared to 3.9231 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1844 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was May, with a trading range of 0.2885 MKD (High: 3.9655 / Low: 3.6770). On the other end, July was the most stable month, with a tight range of 0.0379 MKD (High: 3.9062 / Low: 3.8683).
Growth Streaks & Declines
TrendsBetween March and June, 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 August and September, when the average rate fell by 0.0555 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2018: 3.9647) against the same month in 2017 (average: 3.7945), the exchange rate shifted by +0.1701 (+4.48%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.7262 | 3.5247 | 3.6285 |
| February | 3.7507 | 3.5153 | 3.6645 |
| March | 3.7242 | 3.5175 | 3.6600 |
| April | 3.7896 | 3.6151 | 3.7242 |
| May | 3.9655 | 3.6770 | 3.8613 |
| June | 3.9331 | 3.8398 | 3.8936 |
| July | 3.9062 | 3.8683 | 3.8894 |
| August | 3.9947 | 3.8645 | 3.9278 |
| September | 3.9172 | 3.6872 | 3.8724 |
| October | 3.9870 | 3.8460 | 3.9275 |
| November | 4.0042 | 3.9321 | 3.9647 |
| December | 3.9986 | 3.8747 | 3.9567 |