2020 BTN to MKD Historical Review

YEARLY HIGH

0.7985 MKD

YEARLY LOW

0.6803 MKD

YEARLY AVERAGE

0.7303 MKD

2020 BTN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the BTN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 19, valuing the pair at 0.7985. Conversely, the yearly low was recorded on December 21, dropping to 0.6803.

This high-to-low spread represents a total annual volatility of 0.1182 MKD. From a start-to-finish perspective, comparing the January average rate of 0.7776 to the December average rate of 0.6877, the exchange rate registered a net change of -11.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.7985 was down 0.59% compared to the 2019 peak of 0.8032, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,992 MKD

2019 Average 3,906 MKD

Yearly Trough Low 3,401 MKD

Transaction Impact: A difference of 591.10 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.8003

0.6774

JanuMarcMayJulySeptNove

BTN 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 0.7556, compared to 0.7050 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0506 points.

H1 Avg (Jan–Jun) 0.7556

H2 Avg (Jul–Dec) 0.7050

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0488 MKD (High: 0.7773 / Low: 0.7285). On the other end, September was the most stable month, with a tight range of 0.0123 MKD (High: 0.7189 / Low: 0.7065).

March Spread (Volatile) ±0.0488

September Spread (Stable) ±0.0123

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 February and March, when the average rate fell by 0.0400 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0400

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2020: 0.7901) against the same month in 2019 (average: 0.7632), the exchange rate shifted by +0.0268 (+3.52%).

2020 Avg (February) 0.7901

2019 Avg (February) 0.7632

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7839	0.7643	0.7776
February	0.7985	0.7773	0.7901
March	0.7773	0.7285	0.7500
April	0.7542	0.7347	0.7453
May	0.7561	0.7328	0.7474
June	0.7340	0.7179	0.7234
July	0.7352	0.6962	0.7182
August	0.7074	0.6931	0.6990
September	0.7189	0.7065	0.7120
October	0.7187	0.7033	0.7121
November	0.7110	0.6971	0.7011
December	0.6988	0.6803	0.6877