2020 MKD to AOA Historical Review

YEARLY HIGH

13.0726 AOA

YEARLY LOW

8.6326 AOA

YEARLY AVERAGE

10.7533 AOA

2020 MKD to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 13.0726. Conversely, the yearly low was recorded on February 20, dropping to 8.6326.

This high-to-low spread represents a total annual volatility of 4.4400 AOA. From a start-to-finish perspective, comparing the January average rate of 8.8260 to the December average rate of 12.9449, the exchange rate registered a net change of 46.67% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 13.0726 was up 45.02% compared to the 2019 peak of 9.0144, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 65,363 AOA

2019 Average 33,151 AOA

Yearly Trough Low 43,163 AOA

Transaction Impact: A difference of 22,199.92 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

13.3633

8.3419

JanuMarcMayJulySeptNove

MKD to AOA 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 9.5537, compared to 11.9530 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.3993 points.

H1 Avg (Jan–Jun) 9.5537

H2 Avg (Jul–Dec) 11.9530

Volatility Range Comparison

Volatility

The most volatile month in 2020 was August, with a trading range of 1.0125 AOA (High: 11.6400 / Low: 10.6274). On the other end, January was the most stable month, with a tight range of 0.1801 AOA (High: 8.9168 / Low: 8.7368).

August Spread (Volatile) ±1.0125

January Spread (Stable) ±0.1801

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.1850 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1850

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 12.9449) against the same month in 2019 (average: 8.6006), the exchange rate shifted by +4.3443 (+50.51%).

2020 Avg (December) 12.9449

2019 Avg (December) 8.6006

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	8.9168	8.7368	8.8260
February	8.8947	8.6326	8.7603
March	9.6776	8.7774	9.1243
April	10.0891	9.4701	9.8419
May	10.5332	9.5863	10.0003
June	11.0839	10.3854	10.7692
July	10.7133	10.4710	10.5842
August	11.6400	10.6274	11.2441
September	12.0745	11.7054	11.8673
October	12.6660	11.9840	12.3692
November	12.8240	12.4938	12.7083
December	13.0726	12.7182	12.9449