2020 MKD to BSD Historical Review

YEARLY HIGH

0.0200 BSD

YEARLY LOW

0.0174 BSD

YEARLY AVERAGE

0.0185 BSD

2020 MKD to BSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to BSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.0200. Conversely, the yearly low was recorded on March 22, dropping to 0.0174.

This high-to-low spread represents a total annual volatility of 0.0026 BSD. From a start-to-finish perspective, comparing the January average rate of 0.0181 to the December average rate of 0.0198, 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 0.0200 was up 6.93% compared to the 2019 peak of 0.0187, 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 100 BSD

2019 Average 91 BSD

Yearly Trough Low 87 BSD

Transaction Impact: A difference of 12.83 BSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0200

0.0174

JanuMarcMayJulySeptNove

MKD to BSD 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 0.0179, compared to 0.0192 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.0179

H2 Avg (Jul–Dec) 0.0192

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0012 BSD (High: 0.0185 / Low: 0.0174). On the other end, October was the most stable month, with a tight range of 0.0003 BSD (High: 0.0193 / Low: 0.0190).

March Spread (Volatile) ±0.0012

October Spread (Stable) ±0.0003

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 0.0003 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.0198) against the same month in 2019 (average: 0.0181), the exchange rate shifted by +0.0017 (+9.32%).

2020 Avg (December) 0.0198

2019 Avg (December) 0.0181

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0182	0.0179	0.0181
February	0.0179	0.0175	0.0177
March	0.0185	0.0174	0.0179
April	0.0178	0.0175	0.0176
May	0.0181	0.0175	0.0177
June	0.0184	0.0181	0.0183
July	0.0192	0.0182	0.0186
August	0.0194	0.0191	0.0192
September	0.0193	0.0189	0.0191
October	0.0193	0.0190	0.0191
November	0.0194	0.0189	0.0192
December	0.0200	0.0194	0.0198