2020 MGA to MKD Historical Review

YEARLY HIGH

0.0154 MKD

YEARLY LOW

0.0129 MKD

YEARLY AVERAGE

0.0142 MKD

2020 MGA to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MGA to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 28, valuing the pair at 0.0154. Conversely, the yearly low was recorded on December 27, dropping to 0.0129.

This high-to-low spread represents a total annual volatility of 0.0025 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0150 to the December average rate of 0.0133, the exchange rate registered a net change of -11.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0154 was down 32.12% compared to the 2019 peak of 0.0227, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 77 MKD

2019 Average 76 MKD

Yearly Trough Low 65 MKD

Transaction Impact: A difference of 12.31 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0154

0.0131

JanuMarcMayJulySeptNove

MGA 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 0.0149, compared to 0.0135 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.0149

H2 Avg (Jul–Dec) 0.0135

Volatility Range Comparison

Volatility

The most volatile month in 2020 was December, with a trading range of 0.0007 MKD (High: 0.0137 / Low: 0.0129). On the other end, September was the most stable month, with a tight range of 0.0002 MKD (High: 0.0137 / Low: 0.0135).

December Spread (Volatile) ±0.0007

September Spread (Stable) ±0.0002

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 May and June, when the average rate fell by 0.0005 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 0.0150) against the same month in 2019 (average: 0.0152), the exchange rate shifted by -0.0001 (-0.79%).

2020 Avg (January) 0.0150

2019 Avg (January) 0.0152

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0154	0.0148	0.0150
February	0.0154	0.0151	0.0152
March	0.0153	0.0147	0.0150
April	0.0152	0.0148	0.0150
May	0.0150	0.0146	0.0148
June	0.0147	0.0141	0.0143
July	0.0143	0.0136	0.0140
August	0.0138	0.0134	0.0136
September	0.0137	0.0135	0.0135
October	0.0135	0.0132	0.0134
November	0.0137	0.0131	0.0133
December	0.0137	0.0129	0.0133