2020 GHS to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 GHS to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the GHS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 10.7263. Conversely, the yearly low was recorded on December 7, dropping to 8.5270.
This high-to-low spread represents a total annual volatility of 2.1993 MKD. From a start-to-finish perspective, comparing the January average rate of 9.8006 to the December average rate of 8.6282, the exchange rate registered a net change of -11.96% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 10.7263 was down 4.38% compared to the 2019 peak of 11.2180, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GHS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
GHS to MKD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 9.8937, compared to 8.9896 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9041 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 0.7384 MKD (High: 10.3980 / Low: 9.6596). On the other end, October was the most stable month, with a tight range of 0.1500 MKD (High: 9.0790 / Low: 8.9290).
Growth Streaks & Declines
TrendsNo 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 0.5089 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2020: 10.4972) against the same month in 2019 (average: 10.3210), the exchange rate shifted by +0.1762 (+1.71%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 10.1348 | 9.6316 | 9.8006 |
| February | 10.7263 | 10.1348 | 10.4972 |
| March | 10.3980 | 9.6596 | 9.9882 |
| April | 9.9614 | 9.6308 | 9.8244 |
| May | 9.8879 | 9.5738 | 9.7838 |
| June | 9.6349 | 9.3535 | 9.4683 |
| July | 9.4759 | 9.0247 | 9.3174 |
| August | 9.1071 | 8.9467 | 9.0288 |
| September | 9.1415 | 8.9569 | 9.0321 |
| October | 9.0790 | 8.9290 | 9.0092 |
| November | 9.0892 | 8.8116 | 8.9220 |
| December | 8.7856 | 8.5270 | 8.6282 |