2020 BND to MKD Historical Review

YEARLY HIGH

41.3242 MKD

YEARLY LOW

37.6436 MKD

YEARLY AVERAGE

39.1896 MKD

2020 BND to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the BND to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 41.3242. Conversely, the yearly low was recorded on December 21, dropping to 37.6436.

This high-to-low spread represents a total annual volatility of 3.6807 MKD. From a start-to-finish perspective, comparing the January average rate of 41.0011 to the December average rate of 37.9999, the exchange rate registered a net change of -7.32% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 41.3242 was down 1.12% compared to the 2019 peak of 41.7928, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 206,621 MKD

2019 Average 200,378 MKD

Yearly Trough Low 188,218 MKD

Transaction Impact: A difference of 18,403.27 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

41.3013

37.6998

JanuMarcMayJulySeptNove

BND 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 40.0067, compared to 38.3725 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.6342 points.

H1 Avg (Jan–Jun) 40.0067

H2 Avg (Jul–Dec) 38.3725

Volatility Range Comparison

Volatility

The most volatile month in 2020 was July, with a trading range of 1.4369 MKD (High: 39.3522 / Low: 37.9154). On the other end, August was the most stable month, with a tight range of 0.4256 MKD (High: 38.2356 / Low: 37.8100).

July Spread (Volatile) ±1.4369

August Spread (Stable) ±0.4256

Growth Streaks & Declines

Trends

Between August and November, 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 February and March, when the average rate fell by 1.2738 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.2738

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 41.0011) against the same month in 2019 (average: 34.4336), the exchange rate shifted by +6.5675 (+19.07%).

2020 Avg (January) 41.0011

2019 Avg (January) 34.4336

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	41.3242	40.5532	41.0011
February	41.0467	40.2253	40.6404
March	40.2253	38.7954	39.3665
April	40.2467	39.1733	39.8388
May	40.2467	39.1960	39.8739
June	39.5140	39.0609	39.3192
July	39.3522	37.9154	38.7608
August	38.2356	37.8100	38.0509
September	38.6876	38.0286	38.2732
October	38.7573	38.3308	38.5222
November	38.8212	38.3800	38.6279
December	38.3771	37.6436	37.9999