2020 GNF to MKD Historical Review

YEARLY HIGH

0.0061 MKD

YEARLY LOW

0.0050 MKD

YEARLY AVERAGE

0.0056 MKD

2020 GNF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the GNF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 22, valuing the pair at 0.0061. Conversely, the yearly low was recorded on December 30, dropping to 0.0050.

This high-to-low spread represents a total annual volatility of 0.0011 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0058 to the December average rate of 0.0051, the exchange rate registered a net change of -12.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0061 was down 1.91% compared to the 2019 peak of 0.0062, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 30 MKD

2019 Average 30 MKD

Yearly Trough Low 25 MKD

Transaction Impact: A difference of 5.30 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0061

0.0050

JanuMarcMayJulySeptNove

GNF 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 0.0059, compared to 0.0054 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0059

H2 Avg (Jul–Dec) 0.0054

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0004 MKD (High: 0.0061 / Low: 0.0057). On the other end, September was the most stable month, with a tight range of 0.0001 MKD (High: 0.0054 / Low: 0.0054).

March Spread (Volatile) ±0.0004

September Spread (Stable) ±0.0001

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 May and June, when the average rate fell by 0.0002 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0059) against the same month in 2019 (average: 0.0059), the exchange rate shifted by -0.0000 (-0.76%).

2020 Avg (March) 0.0059

2019 Avg (March) 0.0059

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0059	0.0057	0.0058
February	0.0060	0.0059	0.0060
March	0.0061	0.0057	0.0059
April	0.0060	0.0059	0.0060
May	0.0061	0.0058	0.0060
June	0.0058	0.0057	0.0057
July	0.0057	0.0054	0.0056
August	0.0054	0.0053	0.0054
September	0.0054	0.0054	0.0054
October	0.0054	0.0053	0.0054
November	0.0054	0.0053	0.0053
December	0.0052	0.0050	0.0051