2020 HTG to MKD Historical Review

YEARLY HIGH

0.8384 MKD

YEARLY LOW

0.4600 MKD

YEARLY AVERAGE

0.5967 MKD

2020 HTG to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the HTG to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 15, valuing the pair at 0.8384. Conversely, the yearly low was recorded on September 6, dropping to 0.4600.

This high-to-low spread represents a total annual volatility of 0.3784 MKD. From a start-to-finish perspective, comparing the January average rate of 0.5639 to the December average rate of 0.7247, the exchange rate registered a net change of 28.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.8384 was up 20.11% compared to the 2019 peak of 0.6980, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,192 MKD

2019 Average 3,057 MKD

Yearly Trough Low 2,300 MKD

Transaction Impact: A difference of 1,891.89 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.8613

0.4296

JanuMarcMayJulySeptNove

HTG 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 0.5602, compared to 0.6332 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0730 points.

H1 Avg (Jan–Jun) 0.5602

H2 Avg (Jul–Dec) 0.6332

Volatility Range Comparison

Volatility

The most volatile month in 2020 was December, with a trading range of 0.0886 MKD (High: 0.7779 / Low: 0.6893). On the other end, August was the most stable month, with a tight range of 0.0126 MKD (High: 0.4730 / Low: 0.4604).

December Spread (Volatile) ±0.0886

August Spread (Stable) ±0.0126

Growth Streaks & Declines

Trends

Between January and March, 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 November and December, when the average rate fell by 0.0864 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0864

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2020: 0.8253) against the same month in 2019 (average: 0.5791), the exchange rate shifted by +0.2462 (+42.52%).

2020 Avg (October) 0.8253

2019 Avg (October) 0.5791

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5796	0.5572	0.5639
February	0.6352	0.5588	0.5789
March	0.6352	0.5725	0.5916
April	0.5992	0.5791	0.5886
May	0.5422	0.5196	0.5315
June	0.5161	0.4985	0.5068
July	0.5015	0.4685	0.4884
August	0.4730	0.4604	0.4656
September	0.5016	0.4600	0.4840
October	0.8384	0.7794	0.8253
November	0.8369	0.7804	0.8111
December	0.7779	0.6893	0.7247