2019 SGD to MKD Historical Review

YEARLY HIGH

41.1046 MKD

YEARLY LOW

39.3257 MKD

YEARLY AVERAGE

40.2928 MKD

2019 SGD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the SGD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 8, valuing the pair at 41.1046. Conversely, the yearly low was recorded on August 25, dropping to 39.3257.

This high-to-low spread represents a total annual volatility of 1.7789 MKD. From a start-to-finish perspective, comparing the January average rate of 39.7964 to the December average rate of 40.8041, the exchange rate registered a net change of 2.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 41.1046 was up 3.18% compared to the 2018 peak of 39.8373, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 205,523 MKD

2018 Average 193,306 MKD

Yearly Trough Low 196,628 MKD

Transaction Impact: A difference of 8,894.31 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

40.9936

39.6876

JanuMarcMayJulySeptNove

SGD 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 40.1121, compared to 40.4735 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3614 points.

H1 Avg (Jan–Jun) 40.1121

H2 Avg (Jul–Dec) 40.4735

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.9624 MKD (High: 40.2881 / Low: 39.3257). On the other end, December was the most stable month, with a tight range of 0.3594 MKD (High: 40.9664 / Low: 40.6070).

August Spread (Volatile) ±0.9624

December Spread (Stable) ±0.3594

Growth Streaks & Declines

Trends

Between January and April, 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 July and August, when the average rate fell by 0.2665 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2665

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2019: 40.8847) against the same month in 2018 (average: 39.3608), the exchange rate shifted by +1.5239 (+3.87%).

2019 Avg (November) 40.8847

2018 Avg (November) 39.3608

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	40.1875	39.3881	39.7964
February	40.3527	39.7398	40.0894
March	40.4816	39.8636	40.1896
April	40.5879	40.1170	40.3985
May	40.4497	39.9474	40.1736
June	40.2883	39.6968	40.0248
July	40.4856	39.9109	40.1690
August	40.2881	39.3257	39.9025
September	40.8403	39.9900	40.4726
October	40.8234	40.4124	40.6080
November	41.1046	40.5756	40.8847
December	40.9664	40.6070	40.8041