2018 TND to MKD Historical Review

YEARLY HIGH

20.9947 MKD

YEARLY LOW

18.1142 MKD

YEARLY AVERAGE

19.8571 MKD

2018 TND to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the TND to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 28, valuing the pair at 20.9947. Conversely, the yearly low was recorded on December 10, dropping to 18.1142.

This high-to-low spread represents a total annual volatility of 2.8804 MKD. From a start-to-finish perspective, comparing the January average rate of 20.6443 to the December average rate of 18.3928, the exchange rate registered a net change of -10.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 20.9947 was down 17.64% compared to the 2017 peak of 25.4899, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 104,973 MKD

2017 Average 113,614 MKD

Yearly Trough Low 90,571 MKD

Transaction Impact: A difference of 14,402.21 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

21.0701

18.1494

JanuMarcMayJulySeptNove

TND 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 20.6521, compared to 19.0621 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.5900 points.

H1 Avg (Jan–Jun) 20.6521

H2 Avg (Jul–Dec) 19.0621

Volatility Range Comparison

Volatility

The most volatile month in 2018 was July, with a trading range of 0.6611 MKD (High: 20.1848 / Low: 19.5237). On the other end, February was the most stable month, with a tight range of 0.3278 MKD (High: 20.9947 / Low: 20.6668).

July Spread (Volatile) ±0.6611

February Spread (Stable) ±0.3278

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2018. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.5331 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.5331

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2018: 20.8267) against the same month in 2017 (average: 25.3045), the exchange rate shifted by -4.4778 (-17.70%).

2018 Avg (February) 20.8267

2017 Avg (February) 25.3045

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.9078	20.3440	20.6443
February	20.9947	20.6668	20.8267
March	20.9547	20.5074	20.7767
April	20.8999	20.4047	20.6695
May	20.8752	20.4038	20.6684
June	20.5962	19.9985	20.3270
July	20.1848	19.5237	19.9838
August	19.6442	19.1661	19.4507
September	19.2112	18.8255	19.0206
October	19.0102	18.5708	18.8789
November	18.8329	18.4962	18.6459
December	18.6671	18.1142	18.3928