2020 CVE to MKD Historical Review

YEARLY HIGH

0.5649 MKD

YEARLY LOW

0.2178 MKD

YEARLY AVERAGE

0.5558 MKD

2020 CVE to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the CVE to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 0.5649. Conversely, the yearly low was recorded on March 18, dropping to 0.2178.

This high-to-low spread represents a total annual volatility of 0.3471 MKD. From a start-to-finish perspective, comparing the January average rate of 0.5558 to the December average rate of 0.5569, the exchange rate registered a net change of 0.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.5649 was up 0.60% compared to the 2019 peak of 0.5615, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,825 MKD

2019 Average 2,782 MKD

Yearly Trough Low 1,089 MKD

Transaction Impact: A difference of 1,735.63 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.5595

0.5436

JanuMarcMayJulySeptNove

CVE 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 0.5548, compared to 0.5568 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 0.5548

H2 Avg (Jul–Dec) 0.5568

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.3471 MKD (High: 0.5649 / Low: 0.2178). On the other end, January was the most stable month, with a tight range of 0.0025 MKD (High: 0.5569 / Low: 0.5544).

March Spread (Volatile) ±0.3471

January Spread (Stable) ±0.0025

Growth Streaks & Declines

Trends

Between March and May, 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 0.0116 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0116

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.5449) against the same month in 2019 (average: 0.5563), the exchange rate shifted by -0.0114 (-2.05%).

2020 Avg (March) 0.5449

2019 Avg (March) 0.5563

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5569	0.5544	0.5558
February	0.5582	0.5534	0.5566
March	0.5649	0.2178	0.5449
April	0.5608	0.5517	0.5571
May	0.5634	0.5542	0.5574
June	0.5618	0.5529	0.5568
July	0.5586	0.5225	0.5557
August	0.5640	0.5516	0.5582
September	0.5615	0.5531	0.5569
October	0.5586	0.5537	0.5566
November	0.5598	0.5532	0.5565
December	0.5599	0.5539	0.5569