2020 AOA to MKD Historical Review

YEARLY HIGH

0.1158 MKD

YEARLY LOW

0.0765 MKD

YEARLY AVERAGE

0.0947 MKD

2020 AOA to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the AOA to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 0.1158. Conversely, the yearly low was recorded on December 30, dropping to 0.0765.

This high-to-low spread represents a total annual volatility of 0.0393 MKD. From a start-to-finish perspective, comparing the January average rate of 0.1133 to the December average rate of 0.0773, the exchange rate registered a net change of -31.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.1158 was down 33.91% compared to the 2019 peak of 0.1753, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 579 MKD

2019 Average 770 MKD

Yearly Trough Low 382 MKD

Transaction Impact: A difference of 196.72 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.1179

0.0736

JanuMarcMayJulySeptNove

AOA 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 0.1053, compared to 0.0841 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0212 points.

H1 Avg (Jan–Jun) 0.1053

H2 Avg (Jul–Dec) 0.0841

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0106 MKD (High: 0.1139 / Low: 0.1033). On the other end, November was the most stable month, with a tight range of 0.0021 MKD (High: 0.0800 / Low: 0.0780).

March Spread (Volatile) ±0.0106

November Spread (Stable) ±0.0021

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0080 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0080

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2020: 0.1142) against the same month in 2019 (average: 0.1731), the exchange rate shifted by -0.0590 (-34.06%).

2020 Avg (February) 0.1142

2019 Avg (February) 0.1731

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1145	0.1121	0.1133
February	0.1158	0.1124	0.1142
March	0.1139	0.1033	0.1097
April	0.1056	0.0991	0.1016
May	0.1043	0.0949	0.1001
June	0.0963	0.0902	0.0929
July	0.0955	0.0933	0.0945
August	0.0941	0.0859	0.0890
September	0.0854	0.0828	0.0843
October	0.0834	0.0790	0.0809
November	0.0800	0.0780	0.0787
December	0.0786	0.0765	0.0773