2020 AFN to MKD Historical Review

YEARLY HIGH

0.7565 MKD

YEARLY LOW

0.6481 MKD

YEARLY AVERAGE

0.7037 MKD

2020 AFN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the AFN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 22, valuing the pair at 0.7565. Conversely, the yearly low was recorded on December 30, dropping to 0.6481.

This high-to-low spread represents a total annual volatility of 0.1084 MKD. From a start-to-finish perspective, comparing the January average rate of 0.7174 to the December average rate of 0.6570, the exchange rate registered a net change of -8.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.7565 was up 2.96% compared to the 2019 peak of 0.7348, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,783 MKD

2019 Average 3,529 MKD

Yearly Trough Low 3,240 MKD

Transaction Impact: A difference of 542.10 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.7538

0.6482

JanuMarcMayJulySeptNove

AFN 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 0.7292, compared to 0.6782 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0510 points.

H1 Avg (Jan–Jun) 0.7292

H2 Avg (Jul–Dec) 0.6782

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0473 MKD (High: 0.7565 / Low: 0.7092). On the other end, October was the most stable month, with a tight range of 0.0105 MKD (High: 0.6860 / Low: 0.6755).

March Spread (Volatile) ±0.0473

October Spread (Stable) ±0.0105

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0298 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0298

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.7314) against the same month in 2019 (average: 0.7218), the exchange rate shifted by +0.0095 (+1.32%).

2020 Avg (March) 0.7314

2019 Avg (March) 0.7218

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7313	0.7021	0.7174
February	0.7408	0.7160	0.7339
March	0.7565	0.7092	0.7314
April	0.7539	0.7313	0.7450
May	0.7486	0.7228	0.7388
June	0.7216	0.7023	0.7090
July	0.7105	0.6783	0.6983
August	0.6829	0.6677	0.6762
September	0.6889	0.6733	0.6802
October	0.6860	0.6755	0.6814
November	0.6884	0.6703	0.6763
December	0.6687	0.6481	0.6570