2020 MKD to BTN Historical Review

YEARLY HIGH

1.4700 BTN

YEARLY LOW

1.2524 BTN

YEARLY AVERAGE

1.3717 BTN

2020 MKD to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 1.4700. Conversely, the yearly low was recorded on February 19, dropping to 1.2524.

This high-to-low spread represents a total annual volatility of 0.2176 BTN. From a start-to-finish perspective, comparing the January average rate of 1.2861 to the December average rate of 1.4542, the exchange rate registered a net change of 13.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 1.4700 was up 10.46% compared to the 2019 peak of 1.3308, 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 7,350 BTN

2019 Average 6,401 BTN

Yearly Trough Low 6,262 BTN

Transaction Impact: A difference of 1,088.23 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1.4730

1.2470

JanuMarcMayJulySeptNove

MKD to BTN 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 1.3246, compared to 1.4188 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0941 points.

H1 Avg (Jan–Jun) 1.3246

H2 Avg (Jul–Dec) 1.4188

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0862 BTN (High: 1.3727 / Low: 1.2865). On the other end, September was the most stable month, with a tight range of 0.0243 BTN (High: 1.4154 / Low: 1.3911).

March Spread (Volatile) ±0.0862

September Spread (Stable) ±0.0243

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0262 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0262

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 1.4542) against the same month in 2019 (average: 1.2858), the exchange rate shifted by +0.1684 (+13.09%).

2020 Avg (December) 1.4542

2019 Avg (December) 1.2858

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3085	1.2757	1.2861
February	1.2865	1.2524	1.2658
March	1.3727	1.2865	1.3335
April	1.3611	1.3258	1.3418
May	1.3646	1.3226	1.3380
June	1.3930	1.3623	1.3825
July	1.4364	1.3602	1.3926
August	1.4428	1.4136	1.4307
September	1.4154	1.3911	1.4046
October	1.4218	1.3915	1.4043
November	1.4344	1.4065	1.4264
December	1.4700	1.4310	1.4542