2018 TRY to MKD Historical Review

YEARLY HIGH

13.6950 MKD

YEARLY LOW

7.7703 MKD

YEARLY AVERAGE

11.0745 MKD

2018 TRY to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the TRY to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 13.6950. Conversely, the yearly low was recorded on August 13, dropping to 7.7703.

This high-to-low spread represents a total annual volatility of 5.9247 MKD. From a start-to-finish perspective, comparing the January average rate of 13.3862 to the December average rate of 10.1885, the exchange rate registered a net change of -23.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 13.6950 was down 17.44% compared to the 2017 peak of 16.5873, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 684,749 MKD

2017 Average 749,826 MKD

Yearly Trough Low 388,516 MKD

Transaction Impact: A difference of 296,232.70 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

13.8870

7.8772

JanuMarcMayJulySeptNove

TRY 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 12.4809, compared to 9.6682 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.8127 points.

H1 Avg (Jan–Jun) 12.4809

H2 Avg (Jul–Dec) 9.6682

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 2.8216 MKD (High: 10.5919 / Low: 7.7703). On the other end, February was the most stable month, with a tight range of 0.2096 MKD (High: 13.2801 / Low: 13.0705).

August Spread (Volatile) ±2.8216

February Spread (Stable) ±0.2096

Growth Streaks & Declines

Trends

Between September and December, 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 July and August, when the average rate fell by 1.9811 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.9811

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2018: 13.3862) against the same month in 2017 (average: 15.4787), the exchange rate shifted by -2.0925 (-13.52%).

2018 Avg (January) 13.3862

2017 Avg (January) 15.4787

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.6950	13.1307	13.3862
February	13.2801	13.0705	13.1784
March	13.1728	12.4606	12.8283
April	12.6246	12.0345	12.3527
May	12.4167	11.0454	11.7748
June	11.6869	10.9750	11.3649
July	11.4814	10.7094	11.0466
August	10.5919	7.7703	9.0655
September	8.8062	7.9786	8.3780
October	9.8904	8.6430	9.2315
November	10.5497	9.7571	10.0990
December	10.4950	10.0845	10.1885