2020 MKD to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 MKD to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the MKD to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 26, valuing the pair at 74.0948. Conversely, the yearly low was recorded on January 9, dropping to 58.5270.
This high-to-low spread represents a total annual volatility of 15.5678 COP. From a start-to-finish perspective, comparing the January average rate of 59.7738 to the December average rate of 68.3895, the exchange rate registered a net change of 14.41% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 74.0948 was up 17.34% compared to the 2019 peak of 63.1431, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
MKD to COP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 65.8981, compared to 70.7506 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.8526 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 11.8071 COP (High: 73.8811 / Low: 62.0739). On the other end, October was the most stable month, with a tight range of 1.4537 COP (High: 73.8090 / Low: 72.3552).
Growth Streaks & Declines
TrendsBetween January and April, 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 October and November, when the average rate fell by 2.4095 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2020: 72.5447) against the same month in 2019 (average: 61.6036), the exchange rate shifted by +10.9411 (+17.76%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 61.3563 | 58.5270 | 59.7738 |
| February | 62.2051 | 59.3334 | 60.3462 |
| March | 73.8811 | 62.0739 | 69.5589 |
| April | 72.9788 | 67.4725 | 69.9489 |
| May | 70.2267 | 66.6405 | 68.1339 |
| June | 69.4399 | 64.7588 | 67.6266 |
| July | 71.9344 | 66.1850 | 67.8284 |
| August | 74.0948 | 71.0495 | 72.5447 |
| September | 73.8713 | 70.1843 | 71.7750 |
| October | 73.8090 | 72.3552 | 73.1879 |
| November | 73.3559 | 69.6441 | 70.7784 |
| December | 69.5936 | 67.2331 | 68.3895 |