2020 AZN to MKD Historical Review

YEARLY HIGH

33.7665 MKD

YEARLY LOW

29.4261 MKD

YEARLY AVERAGE

31.7603 MKD

2020 AZN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the AZN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 22, valuing the pair at 33.7665. Conversely, the yearly low was recorded on December 30, dropping to 29.4261.

This high-to-low spread represents a total annual volatility of 4.3403 MKD. From a start-to-finish perspective, comparing the January average rate of 32.5330 to the December average rate of 29.7398, the exchange rate registered a net change of -8.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 33.7665 was up 1.86% compared to the 2019 peak of 33.1486, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 168,832 MKD

2019 Average 161,417 MKD

Yearly Trough Low 147,131 MKD

Transaction Impact: A difference of 21,701.71 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

33.6869

29.3810

JanuMarcMayJulySeptNove

AZN 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 32.8546, compared to 30.6661 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.1885 points.

H1 Avg (Jan–Jun) 32.8546

H2 Avg (Jul–Dec) 30.6661

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 2.0974 MKD (High: 33.7665 / Low: 31.6691). On the other end, October was the most stable month, with a tight range of 0.4558 MKD (High: 30.9678 / Low: 30.5120).

March Spread (Volatile) ±2.0974

October Spread (Stable) ±0.4558

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 1.0117 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.0117

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 32.7391) against the same month in 2019 (average: 31.9659), the exchange rate shifted by +0.7732 (+2.42%).

2020 Avg (March) 32.7391

2019 Avg (March) 31.9659

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	32.8178	32.2096	32.5330
February	33.5435	32.7408	33.1608
March	33.7665	31.6691	32.7391
April	33.5846	32.9475	33.3281
May	33.5256	32.5222	33.1892
June	32.5110	31.8438	32.1775
July	32.2281	30.5595	31.6138
August	30.8258	30.3128	30.6097
September	31.1028	30.3710	30.6983
October	30.9678	30.5120	30.7598
November	31.0906	30.3353	30.5750
December	30.2417	29.4261	29.7398