YEARLY HIGH
0.0075 BHD
YEARLY LOW
0.0065 BHD
YEARLY AVERAGE
0.0070 BHD

2020 MKD to BHD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to BHD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.0075. Conversely, the yearly low was recorded on March 22, dropping to 0.0065.

This high-to-low spread represents a total annual volatility of 0.0010 BHD. From a start-to-finish perspective, comparing the January average rate of 0.0068 to the December average rate of 0.0074, the exchange rate registered a net change of 9.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0075 was up 6.94% compared to the 2019 peak of 0.0070, 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 38 BHD
2019 Average 34 BHD
Yearly Trough Low 33 BHD
Transaction Impact: A difference of 4.90 BHD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0075
0.0066
JanuMarcMayJulySeptNove

MKD to BHD 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 0.0067, compared to 0.0072 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0067
H2 Avg (Jul–Dec) 0.0072

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0004 BHD (High: 0.0070 / Low: 0.0065). On the other end, October was the most stable month, with a tight range of 0.0001 BHD (High: 0.0073 / Low: 0.0072).

March Spread (Volatile) ±0.0004
October Spread (Stable) ±0.0001

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 0.0001 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.0074) against the same month in 2019 (average: 0.0068), the exchange rate shifted by +0.0006 (+9.32%).

2020 Avg (December) 0.0074
2019 Avg (December) 0.0068

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0069 0.0067 0.0068
February 0.0068 0.0066 0.0067
March 0.0070 0.0065 0.0068
April 0.0067 0.0066 0.0067
May 0.0068 0.0066 0.0067
June 0.0070 0.0068 0.0069
July 0.0072 0.0069 0.0070
August 0.0073 0.0072 0.0072
September 0.0073 0.0071 0.0072
October 0.0073 0.0072 0.0072
November 0.0073 0.0071 0.0072
December 0.0075 0.0073 0.0074