2020 MKD to BZD Historical Review

YEARLY HIGH

0.0402 BZD

YEARLY LOW

0.0348 BZD

YEARLY AVERAGE

0.0373 BZD

2020 MKD to BZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to BZD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.0402. Conversely, the yearly low was recorded on March 23, dropping to 0.0348.

This high-to-low spread represents a total annual volatility of 0.0055 BZD. From a start-to-finish perspective, comparing the January average rate of 0.0364 to the December average rate of 0.0398, 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 0.0402 was up 6.89% compared to the 2019 peak of 0.0376, 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 201 BZD

2019 Average 183 BZD

Yearly Trough Low 174 BZD

Transaction Impact: A difference of 27.41 BZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0403

0.0350

JanuMarcMayJulySeptNove

MKD to BZD 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 0.0360, compared to 0.0386 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 0.0360

H2 Avg (Jul–Dec) 0.0386

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0025 BZD (High: 0.0373 / Low: 0.0348). On the other end, October was the most stable month, with a tight range of 0.0006 BZD (High: 0.0388 / Low: 0.0382).

March Spread (Volatile) ±0.0025

October Spread (Stable) ±0.0006

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 0.0007 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.0398) against the same month in 2019 (average: 0.0364), the exchange rate shifted by +0.0034 (+9.35%).

2020 Avg (December) 0.0398

2019 Avg (December) 0.0364

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0369	0.0361	0.0364
February	0.0362	0.0353	0.0357
March	0.0373	0.0348	0.0361
April	0.0359	0.0352	0.0355
May	0.0364	0.0353	0.0357
June	0.0372	0.0364	0.0368
July	0.0386	0.0367	0.0375
August	0.0390	0.0382	0.0386
September	0.0390	0.0381	0.0386
October	0.0388	0.0382	0.0385
November	0.0390	0.0381	0.0387
December	0.0402	0.0392	0.0398