2019 TRY to MKD Historical Review

YEARLY HIGH

10.3855 MKD

YEARLY LOW

8.9099 MKD

YEARLY AVERAGE

9.6873 MKD

2019 TRY to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the TRY to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 15, valuing the pair at 10.3855. Conversely, the yearly low was recorded on May 8, dropping to 8.9099.

This high-to-low spread represents a total annual volatility of 1.4756 MKD. From a start-to-finish perspective, comparing the January average rate of 10.0731 to the December average rate of 9.4511, the exchange rate registered a net change of -6.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 10.3855 was down 24.17% compared to the 2018 peak of 13.6950, 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 519,276 MKD

2018 Average 553,150 MKD

Yearly Trough Low 445,495 MKD

Transaction Impact: A difference of 73,781.80 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

10.4071

9.0030

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 9.7128, compared to 9.6618 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0511 points.

H1 Avg (Jan–Jun) 9.7128

H2 Avg (Jul–Dec) 9.6618

Volatility Range Comparison

Volatility

The most volatile month in 2019 was March, with a trading range of 0.7649 MKD (High: 10.1509 / Low: 9.3860). On the other end, November was the most stable month, with a tight range of 0.1191 MKD (High: 9.7652 / Low: 9.6462).

March Spread (Volatile) ±0.7649

November Spread (Stable) ±0.1191

Growth Streaks & Declines

Trends

Between May and August, 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 0.4372 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4372

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2019: 10.2901) against the same month in 2018 (average: 13.1784), the exchange rate shifted by -2.8883 (-21.92%).

2019 Avg (February) 10.2901

2018 Avg (February) 13.1784

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.3822	9.7537	10.0731
February	10.3855	10.1373	10.2901
March	10.1509	9.3860	9.9273
April	9.9534	9.2098	9.4901
May	9.4729	8.9099	9.1200
June	9.5746	9.2137	9.3764
July	9.9137	9.5401	9.6456
August	10.0171	9.3832	9.7884
September	9.9869	9.5402	9.7797
October	9.8778	9.4099	9.6067
November	9.7652	9.6462	9.6990
December	9.7073	9.2181	9.4511