2020 GEL to MKD Historical Review

YEARLY HIGH

20.3559 MKD

YEARLY LOW

15.2236 MKD

YEARLY AVERAGE

17.4350 MKD

2020 GEL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the GEL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 20.3559. Conversely, the yearly low was recorded on December 5, dropping to 15.2236.

This high-to-low spread represents a total annual volatility of 5.1323 MKD. From a start-to-finish perspective, comparing the January average rate of 19.2468 to the December average rate of 15.3702, the exchange rate registered a net change of -20.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 20.3559 was down 2.02% compared to the 2019 peak of 20.7753, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 101,780 MKD

2019 Average 97,707 MKD

Yearly Trough Low 76,118 MKD

Transaction Impact: A difference of 25,661.71 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

20.3091

14.9212

JanuMarcMayJulySeptNove

GEL 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 18.5151, compared to 16.3548 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.1604 points.

H1 Avg (Jan–Jun) 18.5151

H2 Avg (Jul–Dec) 16.3548

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 3.7306 MKD (High: 20.1163 / Low: 16.3857). On the other end, January was the most stable month, with a tight range of 0.2751 MKD (High: 19.3900 / Low: 19.1149).

March Spread (Volatile) ±3.7306

January Spread (Stable) ±0.2751

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 1.2816 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -1.2816

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2020: 19.8601) against the same month in 2019 (average: 20.4606), the exchange rate shifted by -0.6004 (-2.93%).

2020 Avg (February) 19.8601

2019 Avg (February) 20.4606

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.3900	19.1149	19.2468
February	20.3559	19.2876	19.8601
March	20.1163	16.3857	18.5785
April	18.0942	17.1514	17.8293
May	17.7873	17.3843	17.6407
June	18.6617	17.2148	17.9355
July	17.9602	16.8374	17.5171
August	17.0117	16.6994	16.8593
September	16.9584	15.6653	16.4533
October	16.3902	16.0156	16.2386
November	16.2895	15.2826	15.6903
December	15.5326	15.2236	15.3702