2020 MKD to CDF Historical Review

YEARLY HIGH

39.3522 CDF

YEARLY LOW

29.3508 CDF

YEARLY AVERAGE

34.3410 CDF

2020 MKD to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 39.3522. Conversely, the yearly low was recorded on December 6, dropping to 29.3508.

This high-to-low spread represents a total annual volatility of 10.0015 CDF. From a start-to-finish perspective, comparing the January average rate of 30.4514 to the December average rate of 38.6084, the exchange rate registered a net change of 26.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 39.3522 was up 28.00% compared to the 2019 peak of 30.7429, 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 196,761 CDF

2019 Average 150,370 CDF

Yearly Trough Low 146,754 CDF

Transaction Impact: A difference of 50,007.34 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

39.4747

29.0784

JanuMarcMayJulySeptNove

MKD to CDF 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 31.1783, compared to 37.5037 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.3254 points.

H1 Avg (Jan–Jun) 31.1783

H2 Avg (Jul–Dec) 37.5037

Volatility Range Comparison

Volatility

The most volatile month in 2020 was December, with a trading range of 10.0015 CDF (High: 39.3522 / Low: 29.3508). On the other end, January was the most stable month, with a tight range of 0.5868 CDF (High: 30.8033 / Low: 30.2164).

December Spread (Volatile) ±10.0015

January Spread (Stable) ±0.5868

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 0.5067 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.5067

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 38.6084) against the same month in 2019 (average: 30.3205), the exchange rate shifted by +8.2879 (+27.33%).

2020 Avg (December) 38.6084

2019 Avg (December) 30.3205

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	30.8033	30.2164	30.4514
February	30.3375	29.6254	29.9447
March	31.5269	29.7077	30.5893
April	30.6651	29.9127	30.2833
May	32.9347	30.4283	31.6207
June	35.0791	32.9931	34.1804
July	37.7876	34.8288	36.1659
August	38.1571	37.1996	37.6769
September	37.9345	37.1062	37.5573
October	37.7961	34.5535	37.2387
November	38.1408	37.1327	37.7754
December	39.3522	29.3508	38.6084