2018 TZS to MKD Historical Review

YEARLY HIGH

0.0239 MKD

YEARLY LOW

0.0218 MKD

YEARLY AVERAGE

0.0229 MKD

2018 TZS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the TZS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 0.0239. Conversely, the yearly low was recorded on April 19, dropping to 0.0218.

This high-to-low spread represents a total annual volatility of 0.0020 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0225 to the December average rate of 0.0235, the exchange rate registered a net change of 4.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.0239 was down 11.98% compared to the 2017 peak of 0.0271, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 119 MKD

2017 Average 122 MKD

Yearly Trough Low 109 MKD

Transaction Impact: A difference of 10.15 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.0237

0.0219

JanuMarcMayJulySeptNove

TZS 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 0.0225, compared to 0.0234 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0225

H2 Avg (Jul–Dec) 0.0234

Volatility Range Comparison

Volatility

The most volatile month in 2018 was June, with a trading range of 0.0010 MKD (High: 0.0234 / Low: 0.0224). On the other end, July was the most stable month, with a tight range of 0.0002 MKD (High: 0.0232 / Low: 0.0230).

June Spread (Volatile) ±0.0010

July Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0003 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2018: 0.0236) against the same month in 2017 (average: 0.0232), the exchange rate shifted by +0.0004 (+1.71%).

2018 Avg (November) 0.0236

2017 Avg (November) 0.0232

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0230	0.0220	0.0225
February	0.0224	0.0218	0.0221
March	0.0223	0.0219	0.0221
April	0.0223	0.0218	0.0221
May	0.0234	0.0223	0.0228
June	0.0234	0.0224	0.0231
July	0.0232	0.0230	0.0231
August	0.0238	0.0230	0.0234
September	0.0233	0.0229	0.0231
October	0.0237	0.0232	0.0234
November	0.0239	0.0233	0.0236
December	0.0237	0.0233	0.0235