2020 BGN to MKD Historical Review

YEARLY HIGH

32.1552 MKD

YEARLY LOW

30.9781 MKD

YEARLY AVERAGE

31.5081 MKD

2020 BGN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the BGN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 27, valuing the pair at 32.1552. Conversely, the yearly low was recorded on March 19, dropping to 30.9781.

This high-to-low spread represents a total annual volatility of 1.1771 MKD. From a start-to-finish perspective, comparing the January average rate of 31.4420 to the December average rate of 31.5058, the exchange rate registered a net change of 0.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 32.1552 was up 1.26% compared to the 2019 peak of 31.7558, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 160,776 MKD

2019 Average 157,273 MKD

Yearly Trough Low 154,890 MKD

Transaction Impact: A difference of 5,885.34 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

31.5371

31.4334

JanuMarcMayJulySeptNove

BGN 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 31.5044, compared to 31.5118 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0074 points.

H1 Avg (Jan–Jun) 31.5044

H2 Avg (Jul–Dec) 31.5118

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 1.1771 MKD (High: 32.1552 / Low: 30.9781). On the other end, September was the most stable month, with a tight range of 0.1537 MKD (High: 31.5419 / Low: 31.3882).

March Spread (Volatile) ±1.1771

September Spread (Stable) ±0.1537

Growth Streaks & Declines

Trends

Between May and July, 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 August and September, when the average rate fell by 0.0417 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0417

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 31.4988) against the same month in 2019 (average: 31.4386), the exchange rate shifted by +0.0601 (+0.19%).

2020 Avg (March) 31.4988

2019 Avg (March) 31.4386

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.5698	31.3167	31.4420
February	31.6665	31.4509	31.5198
March	32.1552	30.9781	31.4988
April	31.7669	31.2782	31.5284
May	31.7575	31.4253	31.5178
June	31.9102	31.3161	31.5199
July	31.7643	31.4596	31.5254
August	31.7239	31.3691	31.5232
September	31.5419	31.3882	31.4815
October	31.5835	31.3016	31.5126
November	31.6068	31.3700	31.5224
December	31.7977	31.3658	31.5058