2020 DJF to MKD Historical Review

YEARLY HIGH

0.3230 MKD

YEARLY LOW

0.2814 MKD

YEARLY AVERAGE

0.3037 MKD

2020 DJF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the DJF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 22, valuing the pair at 0.3230. Conversely, the yearly low was recorded on December 30, dropping to 0.2814.

This high-to-low spread represents a total annual volatility of 0.0416 MKD. From a start-to-finish perspective, comparing the January average rate of 0.3111 to the December average rate of 0.2844, 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 0.3230 was down 11.73% compared to the 2019 peak of 0.3659, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,615 MKD

2019 Average 1,545 MKD

Yearly Trough Low 1,407 MKD

Transaction Impact: A difference of 207.84 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.3222

0.2810

JanuMarcMayJulySeptNove

DJF 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 0.3142, compared to 0.2933 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0209 points.

H1 Avg (Jan–Jun) 0.3142

H2 Avg (Jul–Dec) 0.2933

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0201 MKD (High: 0.3230 / Low: 0.3029). On the other end, October was the most stable month, with a tight range of 0.0043 MKD (High: 0.2961 / Low: 0.2918).

March Spread (Volatile) ±0.0201

October Spread (Stable) ±0.0043

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 0.0097 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0097

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.3131) against the same month in 2019 (average: 0.3057), the exchange rate shifted by +0.0074 (+2.42%).

2020 Avg (March) 0.3131

2019 Avg (March) 0.3057

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3139	0.3081	0.3111
February	0.3208	0.3132	0.3171
March	0.3230	0.3029	0.3131
April	0.3212	0.3151	0.3187
May	0.3206	0.3111	0.3174
June	0.3109	0.3045	0.3077
July	0.3082	0.2922	0.3023
August	0.2948	0.2901	0.2928
September	0.2975	0.2906	0.2936
October	0.2961	0.2918	0.2942
November	0.2973	0.2901	0.2924
December	0.2892	0.2814	0.2844