2020 BZD to MKD Historical Review

YEARLY HIGH

28.7724 MKD

YEARLY LOW

24.8526 MKD

YEARLY AVERAGE

26.8379 MKD

2020 BZD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the BZD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 23, valuing the pair at 28.7724. Conversely, the yearly low was recorded on December 30, dropping to 24.8526.

This high-to-low spread represents a total annual volatility of 3.9199 MKD. From a start-to-finish perspective, comparing the January average rate of 27.4787 to the December average rate of 25.1167, the exchange rate registered a net change of -8.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 28.7724 was up 2.74% compared to the 2019 peak of 28.0063, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 143,862 MKD

2019 Average 136,384 MKD

Yearly Trough Low 124,263 MKD

Transaction Impact: A difference of 19,599.47 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

28.5092

24.8083

JanuMarcMayJulySeptNove

BZD 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 27.7685, compared to 25.9073 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.8612 points.

H1 Avg (Jan–Jun) 27.7685

H2 Avg (Jul–Dec) 25.9073

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 1.9659 MKD (High: 28.7724 / Low: 26.8065). On the other end, October was the most stable month, with a tight range of 0.3871 MKD (High: 26.1604 / Low: 25.7733).

March Spread (Volatile) ±1.9659

October Spread (Stable) ±0.3871

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 0.8619 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.8619

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 27.7047) against the same month in 2019 (average: 27.0279), the exchange rate shifted by +0.6768 (+2.50%).

2020 Avg (March) 27.7047

2019 Avg (March) 27.0279

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.7166	27.0659	27.4787
February	28.3234	27.6562	28.0075
March	28.7724	26.8065	27.7047
April	28.4077	27.8409	28.2008
May	28.3180	27.4816	28.0404
June	27.4687	26.9036	27.1786
July	27.2205	25.8936	26.7073
August	26.1513	25.6241	25.8791
September	26.2738	25.6613	25.9285
October	26.1604	25.7733	25.9830
November	26.2571	25.6167	25.8289
December	25.5367	24.8526	25.1167