2020 MAD to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 MAD to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the MAD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 5.8621. Conversely, the yearly low was recorded on December 14, dropping to 5.4517.
This high-to-low spread represents a total annual volatility of 0.4104 MKD. From a start-to-finish perspective, comparing the January average rate of 5.7649 to the December average rate of 5.6372, the exchange rate registered a net change of -2.21% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 5.8621 was up 0.16% compared to the 2019 peak of 5.8526, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
MAD 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 5.7254, compared to 5.6619 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0636 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 0.3080 MKD (High: 5.8554 / Low: 5.5474). On the other end, November was the most stable month, with a tight range of 0.0477 MKD (High: 5.7259 / Low: 5.6782).
Growth Streaks & Declines
TrendsBetween July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.1566 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2020: 5.8345) against the same month in 2019 (average: 5.6887), the exchange rate shifted by +0.1458 (+2.56%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.8086 | 5.7037 | 5.7649 |
| February | 5.8621 | 5.8004 | 5.8345 |
| March | 5.8554 | 5.5474 | 5.7569 |
| April | 5.7394 | 5.4796 | 5.6003 |
| May | 5.7868 | 5.6551 | 5.7366 |
| June | 5.7049 | 5.6204 | 5.6594 |
| July | 5.6633 | 5.5824 | 5.6348 |
| August | 5.6917 | 5.5822 | 5.6444 |
| September | 5.7084 | 5.6246 | 5.6671 |
| October | 5.7163 | 5.6469 | 5.6880 |
| November | 5.7259 | 5.6782 | 5.6997 |
| December | 5.6810 | 5.4517 | 5.6372 |