2020 ISK to MKD Historical Review

YEARLY HIGH

0.4532 MKD

YEARLY LOW

0.3709 MKD

YEARLY AVERAGE

0.4004 MKD

2020 ISK to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ISK to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 0.4532. Conversely, the yearly low was recorded on October 29, dropping to 0.3709.

This high-to-low spread represents a total annual volatility of 0.0822 MKD. From a start-to-finish perspective, comparing the January average rate of 0.4486 to the December average rate of 0.3975, the exchange rate registered a net change of -11.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.4532 was down 2.60% compared to the 2019 peak of 0.4653, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,266 MKD

2019 Average 2,243 MKD

Yearly Trough Low 1,855 MKD

Transaction Impact: A difference of 411.16 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.4558

0.3695

JanuMarcMayJulySeptNove

ISK 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 0.4166, compared to 0.3842 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0325 points.

H1 Avg (Jan–Jun) 0.4166

H2 Avg (Jul–Dec) 0.3842

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0475 MKD (High: 0.4430 / Low: 0.3955). On the other end, January was the most stable month, with a tight range of 0.0080 MKD (High: 0.4531 / Low: 0.4451).

March Spread (Volatile) ±0.0475

January Spread (Stable) ±0.0080

Growth Streaks & Declines

Trends

Between April and June, 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 February and March, when the average rate fell by 0.0322 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0322

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2020: 0.4463) against the same month in 2019 (average: 0.4529), the exchange rate shifted by -0.0067 (-1.47%).

2020 Avg (February) 0.4463

2019 Avg (February) 0.4529

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4531	0.4451	0.4486
February	0.4532	0.4416	0.4463
March	0.4430	0.3955	0.4141
April	0.3979	0.3867	0.3929
May	0.4089	0.3863	0.3943
June	0.4190	0.3921	0.4037
July	0.3955	0.3830	0.3890
August	0.3857	0.3754	0.3813
September	0.3846	0.3716	0.3793
October	0.3800	0.3709	0.3767
November	0.3888	0.3735	0.3812
December	0.4045	0.3927	0.3975