2025 TOP to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2025.
2025 TOP to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2025
During 2025, the TOP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 25.0299. Conversely, the yearly low was recorded on September 18, dropping to 21.6002.
This high-to-low spread represents a total annual volatility of 3.4297 MKD. From a start-to-finish perspective, comparing the January average rate of 24.4714 to the December average rate of 21.8270, the exchange rate registered a net change of -10.81% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2025 high of 25.0299 was up 0.96% compared to the 2024 peak of 24.7918, 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 2025.
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 23.3664, compared to 21.9150 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.4514 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2025 was April, with a trading range of 1.4072 MKD (High: 23.6947 / Low: 22.2875). On the other end, November was the most stable month, with a tight range of 0.2728 MKD (High: 22.2506 / Low: 21.9778).
Growth Streaks & Declines
TrendsBetween September and November, 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 March and April, when the average rate fell by 0.9043 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2025: 24.4714) against the same month in 2024 (average: 23.9426), the exchange rate shifted by +0.5289 (+2.21%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 25.0299 | 24.0958 | 24.4714 |
| February | 24.7941 | 24.2817 | 24.4884 |
| March | 24.6225 | 23.3571 | 23.6592 |
| April | 23.6947 | 22.2875 | 22.7549 |
| May | 23.0399 | 22.4423 | 22.6598 |
| June | 22.5162 | 21.6847 | 22.1644 |
| July | 22.3938 | 21.6528 | 21.8594 |
| August | 22.3965 | 21.7979 | 21.9459 |
| September | 21.9656 | 21.6002 | 21.7862 |
| October | 22.1356 | 21.8000 | 21.9790 |
| November | 22.2506 | 21.9778 | 22.0926 |
| December | 22.0507 | 21.6742 | 21.8270 |