2020 MKD to CNY Historical Review

YEARLY HIGH

0.1341 CNY

YEARLY LOW

0.1227 CNY

YEARLY AVERAGE

0.1277 CNY

2020 MKD to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on August 2, valuing the pair at 0.1341. Conversely, the yearly low was recorded on February 18, dropping to 0.1227.

This high-to-low spread represents a total annual volatility of 0.0114 CNY. From a start-to-finish perspective, comparing the January average rate of 0.1250 to the December average rate of 0.1292, the exchange rate registered a net change of 3.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.1341 was up 3.34% compared to the 2019 peak of 0.1297, 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 670 CNY

2019 Average 628 CNY

Yearly Trough Low 613 CNY

Transaction Impact: A difference of 57.07 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.1339

0.1230

JanuMarcMayJulySeptNove

MKD to CNY 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 0.1258, compared to 0.1297 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0039 points.

H1 Avg (Jan–Jun) 0.1258

H2 Avg (Jul–Dec) 0.1297

Volatility Range Comparison

Volatility

The most volatile month in 2020 was July, with a trading range of 0.0060 CNY (High: 0.1341 / Low: 0.1281). On the other end, November was the most stable month, with a tight range of 0.0012 CNY (High: 0.1274 / Low: 0.1262).

July Spread (Volatile) ±0.0060

November Spread (Stable) ±0.0012

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 August and September, when the average rate fell by 0.0026 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2020: 0.1330) against the same month in 2019 (average: 0.1277), the exchange rate shifted by +0.0052 (+4.11%).

2020 Avg (August) 0.1330

2019 Avg (August) 0.1277

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1270	0.1237	0.1250
February	0.1260	0.1227	0.1239
March	0.1288	0.1234	0.1261
April	0.1260	0.1236	0.1246
May	0.1289	0.1243	0.1257
June	0.1302	0.1286	0.1293
July	0.1341	0.1281	0.1303
August	0.1341	0.1317	0.1330
September	0.1321	0.1289	0.1304
October	0.1299	0.1269	0.1284
November	0.1274	0.1262	0.1268
December	0.1302	0.1277	0.1292