2020 ILS to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 ILS to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the ILS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 16.6797. Conversely, the yearly low was recorded on March 17, dropping to 14.5038.
This high-to-low spread represents a total annual volatility of 2.1760 MKD. From a start-to-finish perspective, comparing the January average rate of 16.0083 to the December average rate of 15.6016, the exchange rate registered a net change of -2.54% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 16.6797 was up 2.75% compared to the 2019 peak of 16.2335, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ILS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
ILS 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 15.9683, compared to 15.4689 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4994 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 1.5652 MKD (High: 16.0690 / Low: 14.5038). On the other end, November was the most stable month, with a tight range of 0.2337 MKD (High: 15.6258 / Low: 15.3921).
Growth Streaks & Declines
TrendsBetween September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.9047 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2020: 16.4417) against the same month in 2019 (average: 14.9681), the exchange rate shifted by +1.4736 (+9.84%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16.1881 | 15.8105 | 16.0083 |
| February | 16.6797 | 16.0725 | 16.4417 |
| March | 16.0690 | 14.5038 | 15.5370 |
| April | 16.3115 | 15.4584 | 15.9029 |
| May | 16.2418 | 15.7951 | 16.0637 |
| June | 16.0097 | 15.6559 | 15.8564 |
| July | 15.9714 | 15.2811 | 15.6824 |
| August | 15.5107 | 15.1878 | 15.3354 |
| September | 15.4580 | 15.0178 | 15.2657 |
| October | 15.5774 | 15.3043 | 15.4312 |
| November | 15.6258 | 15.3921 | 15.4969 |
| December | 15.7386 | 15.4635 | 15.6016 |