2018 TJS to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 TJS to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the TJS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 29, valuing the pair at 5.9307. Conversely, the yearly low was recorded on September 20, dropping to 5.5460.
This high-to-low spread represents a total annual volatility of 0.3848 MKD. From a start-to-finish perspective, comparing the January average rate of 5.7239 to the December average rate of 5.7420, the exchange rate registered a net change of 0.32% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 5.9307 was down 21.11% compared to the 2017 peak of 7.5181, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TJS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
TJS 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 5.7167, compared to 5.6873 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0294 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was January, with a trading range of 0.2392 MKD (High: 5.8564 / Low: 5.6172). On the other end, December was the most stable month, with a tight range of 0.0954 MKD (High: 5.7901 / Low: 5.6947).
Growth Streaks & Declines
TrendsBetween February and May, 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 June and July, when the average rate fell by 0.1254 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2018: 5.8041) against the same month in 2017 (average: 6.3473), the exchange rate shifted by -0.5432 (-8.56%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.8564 | 5.6172 | 5.7239 |
| February | 5.7268 | 5.5798 | 5.6539 |
| March | 5.7030 | 5.6051 | 5.6604 |
| April | 5.7302 | 5.6159 | 5.6668 |
| May | 5.9307 | 5.7181 | 5.8041 |
| June | 5.8730 | 5.7235 | 5.7914 |
| July | 5.7682 | 5.5739 | 5.6660 |
| August | 5.7623 | 5.5761 | 5.6699 |
| September | 5.6501 | 5.5460 | 5.6089 |
| October | 5.7719 | 5.6361 | 5.6905 |
| November | 5.7971 | 5.6958 | 5.7468 |
| December | 5.7901 | 5.6947 | 5.7420 |