2020 CUP to MKD Historical Review

YEARLY HIGH

57.4874 MKD

YEARLY LOW

50.0980 MKD

YEARLY AVERAGE

54.0720 MKD

2020 CUP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the CUP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 22, valuing the pair at 57.4874. Conversely, the yearly low was recorded on December 30, dropping to 50.0980.

This high-to-low spread represents a total annual volatility of 7.3894 MKD. From a start-to-finish perspective, comparing the January average rate of 55.3874 to the December average rate of 50.6320, the exchange rate registered a net change of -8.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 57.4874 was up 1.86% compared to the 2019 peak of 56.4354, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 287,437 MKD

2019 Average 274,812 MKD

Yearly Trough Low 250,490 MKD

Transaction Impact: A difference of 36,947.16 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

57.3519

50.0211

JanuMarcMayJulySeptNove

CUP 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 55.9349, compared to 52.2090 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.7259 points.

H1 Avg (Jan–Jun) 55.9349

H2 Avg (Jul–Dec) 52.2090

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 3.5707 MKD (High: 57.4874 / Low: 53.9167). On the other end, October was the most stable month, with a tight range of 0.7759 MKD (High: 52.7226 / Low: 51.9467).

March Spread (Volatile) ±3.5707

October Spread (Stable) ±0.7759

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 1.7224 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.7224

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 55.7383) against the same month in 2019 (average: 54.4219), the exchange rate shifted by +1.3163 (+2.42%).

2020 Avg (March) 55.7383

2019 Avg (March) 54.4219

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	55.8722	54.8369	55.3874
February	57.1078	55.7411	56.4562
March	57.4874	53.9167	55.7383
April	57.1777	56.0932	56.7410
May	57.0773	55.3691	56.5046
June	55.3499	54.2141	54.7821
July	54.8684	52.0276	53.8226
August	52.4810	51.6075	52.1130
September	52.9525	51.7067	52.2639
October	52.7226	51.9467	52.3685
November	52.9318	51.6458	52.0540
December	51.4866	50.0980	50.6320