2019 TWD to MKD Historical Review

YEARLY HIGH

1.8444 MKD

YEARLY LOW

1.7273 MKD

YEARLY AVERAGE

1.7797 MKD

2019 TWD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the TWD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 1.8444. Conversely, the yearly low was recorded on June 15, dropping to 1.7273.

This high-to-low spread represents a total annual volatility of 0.1170 MKD. From a start-to-finish perspective, comparing the January average rate of 1.7524 to the December average rate of 1.8302, the exchange rate registered a net change of 4.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 1.8444 was up 3.80% compared to the 2018 peak of 1.7769, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,222 MKD

2018 Average 8,656 MKD

Yearly Trough Low 8,637 MKD

Transaction Impact: A difference of 585.24 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

1.8386

1.7375

JanuMarcMayJulySeptNove

TWD 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 1.7604, compared to 1.7990 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0386 points.

H1 Avg (Jan–Jun) 1.7604

H2 Avg (Jul–Dec) 1.7990

Volatility Range Comparison

Volatility

The most volatile month in 2019 was September, with a trading range of 0.0528 MKD (High: 1.8236 / Low: 1.7709). On the other end, December was the most stable month, with a tight range of 0.0247 MKD (High: 1.8444 / Low: 1.8197).

September Spread (Volatile) ±0.0528

December Spread (Stable) ±0.0247

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0176 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0176

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2019: 1.8302) against the same month in 2018 (average: 1.7582), the exchange rate shifted by +0.0720 (+4.09%).

2019 Avg (December) 1.8302

2018 Avg (December) 1.7582

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7635	1.7388	1.7524
February	1.7758	1.7437	1.7617
March	1.7769	1.7507	1.7632
April	1.7871	1.7597	1.7758
May	1.7825	1.7440	1.7635
June	1.7642	1.7273	1.7459
July	1.7783	1.7448	1.7607
August	1.7776	1.7303	1.7618
September	1.8236	1.7709	1.7977
October	1.8337	1.8043	1.8155
November	1.8401	1.8097	1.8282
December	1.8444	1.8197	1.8302