2019 TOP to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 TOP to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the TOP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 1, valuing the pair at 24.8789. Conversely, the yearly low was recorded on August 25, dropping to 23.5671.
This high-to-low spread represents a total annual volatility of 1.3118 MKD. From a start-to-finish perspective, comparing the January average rate of 23.8034 to the December average rate of 24.0678, the exchange rate registered a net change of 1.11% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2019 high of 24.8789 was up 2.76% compared to the 2018 peak of 24.2109, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2019.
TOP 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 23.9850, compared to 24.0045 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0195 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was April, with a trading range of 1.0613 MKD (High: 24.8789 / Low: 23.8176). On the other end, May was the most stable month, with a tight range of 0.1896 MKD (High: 24.1430 / Low: 23.9534).
Growth Streaks & Declines
TrendsBetween 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 May and June, when the average rate fell by 0.2050 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2019: 24.1455) against the same month in 2018 (average: 22.5647), the exchange rate shifted by +1.5808 (+7.01%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.9784 | 23.5830 | 23.8034 |
| February | 24.2526 | 23.9006 | 24.0388 |
| March | 24.2302 | 23.8798 | 24.0555 |
| April | 24.8789 | 23.8176 | 24.1455 |
| May | 24.1430 | 23.9534 | 24.0359 |
| June | 24.0752 | 23.6034 | 23.8309 |
| July | 24.1434 | 23.7770 | 24.0060 |
| August | 24.1480 | 23.5671 | 23.8976 |
| September | 24.5226 | 23.8477 | 24.0877 |
| October | 24.1459 | 23.6722 | 23.9389 |
| November | 24.3025 | 23.7828 | 24.0290 |
| December | 24.2091 | 23.9313 | 24.0678 |