YEARLY HIGH
1.3292 RUB
YEARLY LOW
1.1024 RUB
YEARLY AVERAGE
1.2027 RUB

2018 MKD to RUB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MKD to RUB exchange rate experienced significant fluctuation. The market reached its absolute peak on September 10, valuing the pair at 1.3292. Conversely, the yearly low was recorded on January 9, dropping to 1.1024.

This high-to-low spread represents a total annual volatility of 0.2268 RUB. From a start-to-finish perspective, comparing the January average rate of 1.1225 to the December average rate of 1.2496, the exchange rate registered a net change of 11.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 1.3292 was up 14.16% compared to the 2017 peak of 1.1643, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,646 RUB
2017 Average 5,350 RUB
Yearly Trough Low 5,512 RUB
Transaction Impact: A difference of 1,133.90 RUB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

1.2945
1.1069
JanuMarcMayJulySeptNove

MKD to RUB 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 1.1680, compared to 1.2373 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0694 points.

H1 Avg (Jan–Jun) 1.1680
H2 Avg (Jul–Dec) 1.2373

Volatility Range Comparison

Volatility

The most volatile month in 2018 was April, with a trading range of 0.1194 RUB (High: 1.2637 / Low: 1.1444). On the other end, March was the most stable month, with a tight range of 0.0275 RUB (High: 1.1584 / Low: 1.1309).

April Spread (Volatile) ±0.1194
March Spread (Stable) ±0.0275

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 September and October, when the average rate fell by 0.0499 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0499

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2018: 1.2789) against the same month in 2017 (average: 1.1153), the exchange rate shifted by +0.1636 (+14.67%).

2018 Avg (September) 1.2789
2017 Avg (September) 1.1153

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.1355 1.1024 1.1225
February 1.1613 1.1135 1.1400
March 1.1584 1.1309 1.1443
April 1.2637 1.1444 1.2111
May 1.2433 1.1664 1.1967
June 1.2135 1.1781 1.1933
July 1.2078 1.1768 1.1929
August 1.2926 1.1897 1.2444
September 1.3292 1.2364 1.2789
October 1.2536 1.2091 1.2290
November 1.2535 1.2118 1.2293
December 1.2949 1.2225 1.2496