2020 KES to MKD Historical Review

YEARLY HIGH

0.5651 MKD

YEARLY LOW

0.4509 MKD

YEARLY AVERAGE

0.5087 MKD

2020 KES to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the KES to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 13, valuing the pair at 0.5651. Conversely, the yearly low was recorded on December 17, dropping to 0.4509.

This high-to-low spread represents a total annual volatility of 0.1141 MKD. From a start-to-finish perspective, comparing the January average rate of 0.5479 to the December average rate of 0.4582, the exchange rate registered a net change of -16.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.5651 was up 2.48% compared to the 2019 peak of 0.5514, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,825 MKD

2019 Average 2,695 MKD

Yearly Trough Low 2,255 MKD

Transaction Impact: A difference of 570.63 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.5701

0.4481

JanuMarcMayJulySeptNove

KES 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 0.5371, compared to 0.4803 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0567 points.

H1 Avg (Jan–Jun) 0.5371

H2 Avg (Jul–Dec) 0.4803

Volatility Range Comparison

Volatility

The most volatile month in 2020 was July, with a trading range of 0.0321 MKD (High: 0.5150 / Low: 0.4828). On the other end, October was the most stable month, with a tight range of 0.0072 MKD (High: 0.4851 / Low: 0.4779).

July Spread (Volatile) ±0.0321

October Spread (Stable) ±0.0072

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 February and March, when the average rate fell by 0.0228 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0228

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2020: 0.5599) against the same month in 2019 (average: 0.5415), the exchange rate shifted by +0.0184 (+3.40%).

2020 Avg (February) 0.5599

2019 Avg (February) 0.5415

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5555	0.5390	0.5479
February	0.5651	0.5546	0.5599
March	0.5546	0.5240	0.5370
April	0.5395	0.5283	0.5330
May	0.5382	0.5184	0.5296
June	0.5189	0.5088	0.5149
July	0.5150	0.4828	0.5015
August	0.4857	0.4761	0.4820
September	0.4880	0.4775	0.4820
October	0.4851	0.4779	0.4820
November	0.4863	0.4691	0.4761
December	0.4670	0.4509	0.4582