YEARLY HIGH
16.3835 MKD
YEARLY LOW
15.2709 MKD
YEARLY AVERAGE
15.8671 MKD

2018 PGK to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the PGK to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 15, valuing the pair at 16.3835. Conversely, the yearly low was recorded on February 1, dropping to 15.2709.

This high-to-low spread represents a total annual volatility of 1.1127 MKD. From a start-to-finish perspective, comparing the January average rate of 15.6640 to the December average rate of 16.0712, the exchange rate registered a net change of 2.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 16.3835 was down 12.04% compared to the 2017 peak of 18.6269, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 81,918 MKD
2017 Average 85,627 MKD
Yearly Trough Low 76,354 MKD
Transaction Impact: A difference of 5,563.37 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

16.1993
15.3910
JanuMarcMayJulySeptNove

PGK 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 15.6912, compared to 16.0431 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3518 points.

H1 Avg (Jan–Jun) 15.6912
H2 Avg (Jul–Dec) 16.0431

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 0.7153 MKD (High: 16.3519 / Low: 15.6366). On the other end, July was the most stable month, with a tight range of 0.2086 MKD (High: 16.1232 / Low: 15.9146).

May Spread (Volatile) ±0.7153
July Spread (Stable) ±0.2086

Growth Streaks & Declines

Trends

Between April and June, 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 0.2247 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.2247

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2018: 16.1319) against the same month in 2017 (average: 16.4077), the exchange rate shifted by -0.2757 (-1.68%).

2018 Avg (August) 16.1319
2017 Avg (August) 16.4077

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 15.9765 15.3976 15.6640
February 15.8075 15.2709 15.5076
March 15.6599 15.3041 15.4877
April 15.6482 15.2830 15.4584
May 16.3519 15.6366 15.9543
June 16.2723 15.9181 16.0755
July 16.1232 15.9146 16.0259
August 16.3835 15.8625 16.1319
September 16.1069 15.7256 15.9072
October 16.2253 15.8295 16.0011
November 16.2810 15.9479 16.1211
December 16.2807 15.8359 16.0712