2020 MKD to BIF Historical Review

YEARLY HIGH

38.7636 BIF

YEARLY LOW

32.8076 BIF

YEARLY AVERAGE

35.4695 BIF

2020 MKD to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 38.7636. Conversely, the yearly low was recorded on March 23, dropping to 32.8076.

This high-to-low spread represents a total annual volatility of 5.9561 BIF. From a start-to-finish perspective, comparing the January average rate of 34.0287 to the December average rate of 38.3663, the exchange rate registered a net change of 12.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 38.7636 was up 12.97% compared to the 2019 peak of 34.3133, 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 193,818 BIF

2019 Average 167,559 BIF

Yearly Trough Low 164,038 BIF

Transaction Impact: A difference of 29,780.26 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

38.8612

32.9229

JanuMarcMayJulySeptNove

MKD to BIF 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 33.8902, compared to 37.0488 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.1585 points.

H1 Avg (Jan–Jun) 33.8902

H2 Avg (Jul–Dec) 37.0488

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 2.2659 BIF (High: 35.0735 / Low: 32.8076). On the other end, October was the most stable month, with a tight range of 0.5017 BIF (High: 37.2419 / Low: 36.7402).

March Spread (Volatile) ±2.2659

October Spread (Stable) ±0.5017

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 0.5843 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.5843

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 38.3663) against the same month in 2019 (average: 33.9171), the exchange rate shifted by +4.4492 (+13.12%).

2020 Avg (December) 38.3663

2019 Avg (December) 33.9171

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	34.3133	33.7457	34.0287
February	33.9247	33.0553	33.4443
March	35.0735	32.8076	33.9453
April	33.7987	33.0622	33.4177
May	34.4597	33.3110	33.6882
June	35.0967	34.3277	34.8171
July	37.0476	34.8106	35.7606
August	37.3704	36.7450	37.0076
September	37.3133	36.4659	36.9576
October	37.2419	36.7402	36.9474
November	37.6036	36.6098	37.2532
December	38.7636	37.7139	38.3663