2018 ARS to MKD Historical Review

YEARLY HIGH

2.7788 MKD

YEARLY LOW

1.2853 MKD

YEARLY AVERAGE

1.9808 MKD

2018 ARS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the ARS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 2.7788. Conversely, the yearly low was recorded on September 30, dropping to 1.2853.

This high-to-low spread represents a total annual volatility of 1.4936 MKD. From a start-to-finish perspective, comparing the January average rate of 2.6579 to the December average rate of 1.4314, the exchange rate registered a net change of -46.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 2.7788 was down 27.40% compared to the 2017 peak of 3.8276, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,894 MKD

2017 Average 16,581 MKD

Yearly Trough Low 6,426 MKD

Transaction Impact: A difference of 7,467.83 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

2.7865

1.2436

JanuMarcMayJulySeptNove

ARS 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 2.3864, compared to 1.5751 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8114 points.

H1 Avg (Jan–Jun) 2.3864

H2 Avg (Jul–Dec) 1.5751

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 0.5902 MKD (High: 1.9530 / Low: 1.3628). On the other end, April was the most stable month, with a tight range of 0.0398 MKD (High: 2.4993 / Low: 2.4594).

August Spread (Volatile) ±0.5902

April Spread (Stable) ±0.0398

Growth Streaks & Declines

Trends

Between September and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.4279 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4279

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2018: 2.6579) against the same month in 2017 (average: 3.6429), the exchange rate shifted by -0.9849 (-27.04%).

2018 Avg (January) 2.6579

2017 Avg (January) 3.6429

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7788	2.5248	2.6579
February	2.5568	2.4782	2.5158
March	2.4903	2.4346	2.4698
April	2.4993	2.4594	2.4789
May	2.4635	2.0643	2.2175
June	2.1164	1.8269	1.9787
July	1.9410	1.8229	1.9081
August	1.9530	1.3628	1.8001
September	1.4399	1.2853	1.3721
October	1.5151	1.3474	1.4487
November	1.5362	1.3877	1.4900
December	1.4837	1.4058	1.4314

2018 ARS నుండి MKD చారిత్రక సమీక్ష