2020 MKD to BGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 MKD to BGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the MKD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.0323. Conversely, the yearly low was recorded on March 28, dropping to 0.0311.
This high-to-low spread represents a total annual volatility of 0.0012 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0318 to the December average rate of 0.0317, the exchange rate registered a net change of -0.20% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 0.0323 was up 0.42% compared to the 2019 peak of 0.0321, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
MKD to BGN 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 0.0317, compared to 0.0317 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 0.0012 BGN (High: 0.0323 / Low: 0.0311). On the other end, September was the most stable month, with a tight range of 0.0002 BGN (High: 0.0319 / Low: 0.0317).
Growth Streaks & Declines
TrendsBetween July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0001 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2020: 0.0317) against the same month in 2019 (average: 0.0318), the exchange rate shifted by -0.0001 (-0.19%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 0.0319 | 0.0317 | 0.0318 |
| February | 0.0318 | 0.0316 | 0.0317 |
| March | 0.0323 | 0.0311 | 0.0317 |
| April | 0.0320 | 0.0315 | 0.0317 |
| May | 0.0318 | 0.0315 | 0.0317 |
| June | 0.0319 | 0.0313 | 0.0317 |
| July | 0.0318 | 0.0315 | 0.0317 |
| August | 0.0319 | 0.0315 | 0.0317 |
| September | 0.0319 | 0.0317 | 0.0318 |
| October | 0.0319 | 0.0317 | 0.0317 |
| November | 0.0319 | 0.0316 | 0.0317 |
| December | 0.0319 | 0.0314 | 0.0317 |