2020 MKD to ARS Historical Review

YEARLY HIGH

1.6796 ARS

YEARLY LOW

1.0745 ARS

YEARLY AVERAGE

1.3111 ARS

2020 MKD to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 1.6796. Conversely, the yearly low was recorded on January 26, dropping to 1.0745.

This high-to-low spread represents a total annual volatility of 0.6051 ARS. From a start-to-finish perspective, comparing the January average rate of 1.0819 to the December average rate of 1.6309, the exchange rate registered a net change of 50.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 1.6796 was up 53.90% compared to the 2019 peak of 1.0913, 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 8,398 ARS

2019 Average 4,377 ARS

Yearly Trough Low 5,373 ARS

Transaction Impact: A difference of 3,025.27 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1.6857

1.0270

JanuMarcMayJulySeptNove

MKD to ARS 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 1.1532, compared to 1.4691 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3159 points.

H1 Avg (Jan–Jun) 1.1532

H2 Avg (Jul–Dec) 1.4691

Volatility Range Comparison

Volatility

The most volatile month in 2020 was July, with a trading range of 0.1037 ARS (High: 1.3911 / Low: 1.2874). On the other end, January was the most stable month, with a tight range of 0.0183 ARS (High: 1.0928 / Low: 1.0745).

July Spread (Volatile) ±0.1037

January Spread (Stable) ±0.0183

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 1.6309) against the same month in 2019 (average: 1.0804), the exchange rate shifted by +0.5504 (+50.95%).

2020 Avg (December) 1.6309

2019 Avg (December) 1.0804

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0928	1.0745	1.0819
February	1.1069	1.0778	1.0853
March	1.1603	1.1046	1.1324
April	1.1780	1.1350	1.1552
May	1.2360	1.1620	1.1954
June	1.2841	1.2390	1.2688
July	1.3911	1.2874	1.3260
August	1.4361	1.3830	1.4050
September	1.4503	1.4262	1.4378
October	1.5036	1.4525	1.4805
November	1.5744	1.4851	1.5344
December	1.6796	1.5817	1.6309