2020 MKD to AZN Historical Review

YEARLY HIGH

0.0340 AZN

YEARLY LOW

0.0296 AZN

YEARLY AVERAGE

0.0315 AZN

2020 MKD to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.0340. Conversely, the yearly low was recorded on March 22, dropping to 0.0296.

This high-to-low spread represents a total annual volatility of 0.0044 AZN. From a start-to-finish perspective, comparing the January average rate of 0.0307 to the December average rate of 0.0336, the exchange rate registered a net change of 9.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0340 was up 6.93% compared to the 2019 peak of 0.0318, 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 170 AZN

2019 Average 155 AZN

Yearly Trough Low 148 AZN

Transaction Impact: A difference of 21.84 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0340

0.0296

JanuMarcMayJulySeptNove

MKD to AZN 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 0.0304, compared to 0.0326 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 0.0304

H2 Avg (Jul–Dec) 0.0326

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0020 AZN (High: 0.0316 / Low: 0.0296). On the other end, October was the most stable month, with a tight range of 0.0005 AZN (High: 0.0328 / Low: 0.0323).

March Spread (Volatile) ±0.0020

October Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between April and August, 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 January and February, when the average rate fell by 0.0006 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.0336) against the same month in 2019 (average: 0.0308), the exchange rate shifted by +0.0029 (+9.32%).

2020 Avg (December) 0.0336

2019 Avg (December) 0.0308

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0310	0.0305	0.0307
February	0.0305	0.0298	0.0302
March	0.0316	0.0296	0.0306
April	0.0304	0.0298	0.0300
May	0.0307	0.0298	0.0301
June	0.0314	0.0308	0.0311
July	0.0327	0.0310	0.0316
August	0.0330	0.0324	0.0327
September	0.0329	0.0322	0.0326
October	0.0328	0.0323	0.0325
November	0.0330	0.0322	0.0327
December	0.0340	0.0331	0.0336