2020 KWD to MKD Historical Review

YEARLY HIGH

186.8230 MKD

YEARLY LOW

164.6228 MKD

YEARLY AVERAGE

176.2471 MKD

2020 KWD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the KWD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 186.8230. Conversely, the yearly low was recorded on December 29, dropping to 164.6228.

This high-to-low spread represents a total annual volatility of 22.2002 MKD. From a start-to-finish perspective, comparing the January average rate of 182.4990 to the December average rate of 166.0747, the exchange rate registered a net change of -9.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 186.8230 was up 0.52% compared to the 2019 peak of 185.8513, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 934,115 MKD

2019 Average 904,393 MKD

Yearly Trough Low 823,114 MKD

Transaction Impact: A difference of 111,000.84 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

186.9437

164.1775

JanuMarcMayJulySeptNove

KWD 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 181.8211, compared to 170.6731 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 11.1480 points.

H1 Avg (Jan–Jun) 181.8211

H2 Avg (Jul–Dec) 170.6731

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 8.2525 MKD (High: 185.0070 / Low: 176.7545). On the other end, August was the most stable month, with a tight range of 2.5504 MKD (High: 171.5814 / Low: 169.0310).

March Spread (Volatile) ±8.2525

August Spread (Stable) ±2.5504

Growth Streaks & Declines

Trends

Between March and May, 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 May and June, when the average rate fell by 4.9349 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -4.9349

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2020: 185.0466) against the same month in 2019 (average: 178.7707), the exchange rate shifted by +6.2758 (+3.51%).

2020 Avg (February) 185.0466

2019 Avg (February) 178.7707

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	184.0093	180.5140	182.4990
February	186.8230	183.3839	185.0466
March	185.0070	176.7545	180.2502
April	183.8240	180.0073	182.3206
May	184.6058	179.5692	182.8726
June	179.6557	176.2967	177.9377
July	178.2112	170.2385	175.1802
August	171.5814	169.0310	170.4595
September	172.7944	169.3797	170.8283
October	172.5329	169.9776	171.1834
November	172.9215	169.1093	170.3125
December	168.5934	164.6228	166.0747