YEARLY HIGH
10.4377 AMD
YEARLY LOW
8.3771 AMD
YEARLY AVERAGE
8.9470 AMD

2020 MKD to AMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to AMD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 10.4377. Conversely, the yearly low was recorded on February 20, dropping to 8.3771.

This high-to-low spread represents a total annual volatility of 2.0607 AMD. From a start-to-finish perspective, comparing the January average rate of 8.6462 to the December average rate of 9.6184, the exchange rate registered a net change of 11.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 10.4377 was up 14.90% compared to the 2019 peak of 9.0840, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 52,189 AMD
2019 Average 43,713 AMD
Yearly Trough Low 41,885 AMD
Transaction Impact: A difference of 10,303.29 AMD purely based on transaction execution date.

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9.7327
8.3609
JanuMarcMayJulySeptNove

MKD to AMD 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 8.6480, compared to 9.2460 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5980 points.

H1 Avg (Jan–Jun) 8.6480
H2 Avg (Jul–Dec) 9.2460

Volatility Range Comparison

Volatility

The most volatile month in 2020 was December, with a trading range of 1.0835 AMD (High: 10.4377 / Low: 9.3542). On the other end, October was the most stable month, with a tight range of 0.1364 AMD (High: 9.2714 / Low: 9.1349).

December Spread (Volatile) Âą1.0835
October Spread (Stable) Âą0.1364

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1710 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.1710

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 9.6184) against the same month in 2019 (average: 8.6405), the exchange rate shifted by +0.9778 (+11.32%).

2020 Avg (December) 9.6184
2019 Avg (December) 8.6405

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Month High Low Average
January 8.7798 8.5619 8.6462
February 8.5866 8.3771 8.4752
March 8.9763 8.5236 8.7571
April 8.9434 8.3908 8.6377
May 8.7357 8.4205 8.5647
June 8.9106 8.7339 8.8070
July 9.2569 8.7777 8.9506
August 9.3323 9.1770 9.2419
September 9.3144 9.0953 9.2155
October 9.2714 9.1349 9.1968
November 9.3254 9.0988 9.2526
December 10.4377 9.3542 9.6184