2020 MKD to CVE Historical Review

YEARLY HIGH

4.5916 CVE

YEARLY LOW

1.7702 CVE

YEARLY AVERAGE

1.8039 CVE

2020 MKD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 4.5916. Conversely, the yearly low was recorded on March 14, dropping to 1.7702.

This high-to-low spread represents a total annual volatility of 2.8214 CVE. From a start-to-finish perspective, comparing the January average rate of 1.7993 to the December average rate of 1.7957, the exchange rate registered a net change of -0.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 4.5916 was up 151.76% compared to the 2019 peak of 1.8238, 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 22,958 CVE

2019 Average 8,988 CVE

Yearly Trough Low 8,851 CVE

Transaction Impact: A difference of 14,107.20 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1.8991

1.7818

JanuMarcMayJulySeptNove

MKD to CVE 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 1.8118, compared to 1.7960 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0157 points.

H1 Avg (Jan–Jun) 1.8118

H2 Avg (Jul–Dec) 1.7960

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 2.8214 CVE (High: 4.5916 / Low: 1.7702). On the other end, January was the most stable month, with a tight range of 0.0081 CVE (High: 1.8038 / Low: 1.7957).

March Spread (Volatile) ±2.8214

January Spread (Stable) ±0.0081

Growth Streaks & Declines

Trends

Between August and November, 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 March and April, when the average rate fell by 0.0943 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0943

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 1.8893) against the same month in 2019 (average: 1.7974), the exchange rate shifted by +0.0919 (+5.11%).

2020 Avg (March) 1.8893

2019 Avg (March) 1.7974

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8038	1.7957	1.7993
February	1.8069	1.7914	1.7968
March	4.5916	1.7702	1.8893
April	1.8127	1.7831	1.7950
May	1.8045	1.7748	1.7941
June	1.8088	1.7801	1.7961
July	1.9138	1.7901	1.7997
August	1.8130	1.7731	1.7916
September	1.8079	1.7811	1.7957
October	1.8061	1.7901	1.7967
November	1.8077	1.7862	1.7969
December	1.8053	1.7859	1.7957