2026 TOP to MKD Historical Review

YEARLY HIGH

22.5402 MKD

YEARLY LOW

21.2929 MKD

YEARLY AVERAGE

22.0101 MKD

2026 TOP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2026

During 2026, the TOP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 24, valuing the pair at 22.5402. Conversely, the yearly low was recorded on January 27, dropping to 21.2929.

This high-to-low spread represents a total annual volatility of 1.2474 MKD. From a start-to-finish perspective, comparing the January average rate of 21.8146 to the December average rate of 22.4023, the exchange rate registered a net change of 2.69% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2026 high of 22.5402 was down 9.95% compared to the 2025 peak of 25.0299, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 112,701 MKD

2025 Average 113,152 MKD

Yearly Trough Low 106,464 MKD

Transaction Impact: A difference of 6,236.96 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2026.

22.4778

21.5721

JanuMarcMayJuly

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 21.9448, compared to 22.4023 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4575 points.

H1 Avg (Jan–Jun) 21.9448

H2 Avg (Jul–Dec) 22.4023

Volatility Range Comparison

Volatility

The most volatile month in 2026 was January, with a trading range of 0.7462 MKD (High: 22.0390 / Low: 21.2929). On the other end, May was the most stable month, with a tight range of 0.1901 MKD (High: 22.0214 / Low: 21.8313).

January Spread (Volatile) ±0.7462

May Spread (Stable) ±0.1901

Growth Streaks & Declines

Trends

Between April and July, 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 March and April, when the average rate fell by 0.2203 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2203

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2026: 22.2311) against the same month in 2025 (average: 22.1644), the exchange rate shifted by +0.0667 (+0.30%).

2026 Avg (June) 22.2311

2025 Avg (June) 22.1644

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.0390	21.2929	21.8146
February	21.7502	21.5058	21.6476
March	22.3480	21.6596	22.1196
April	22.2370	21.6949	21.8992
May	22.0214	21.8313	21.9565
June	22.5402	21.9494	22.2311
July	22.4734	22.1838	22.4023