YEARLY HIGH
0.1235 DKK
YEARLY LOW
0.1185 DKK
YEARLY AVERAGE
0.1210 DKK

2020 MKD to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.1235. Conversely, the yearly low was recorded on March 28, dropping to 0.1185.

This high-to-low spread represents a total annual volatility of 0.0050 DKK. From a start-to-finish perspective, comparing the January average rate of 0.1215 to the December average rate of 0.1207, the exchange rate registered a net change of -0.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.1235 was up 0.62% compared to the 2019 peak of 0.1228, 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 618 DKK
2019 Average 607 DKK
Yearly Trough Low 592 DKK
Transaction Impact: A difference of 25.12 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.1216
0.1207
JanuMarcMayJulySeptNove

MKD to DKK 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 0.1211, compared to 0.1208 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.1211
H2 Avg (Jul–Dec) 0.1208

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0050 DKK (High: 0.1235 / Low: 0.1185). On the other end, September was the most stable month, with a tight range of 0.0007 DKK (High: 0.1212 / Low: 0.1204).

March Spread (Volatile) ±0.0050
September Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0003 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.1212) against the same month in 2019 (average: 0.1214), the exchange rate shifted by -0.0002 (-0.18%).

2020 Avg (March) 0.1212
2019 Avg (March) 0.1214

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1220 0.1208 0.1215
February 0.1215 0.1207 0.1212
March 0.1235 0.1185 0.1212
April 0.1221 0.1202 0.1210
May 0.1213 0.1198 0.1209
June 0.1217 0.1195 0.1209
July 0.1215 0.1196 0.1208
August 0.1215 0.1199 0.1208
September 0.1212 0.1204 0.1208
October 0.1217 0.1205 0.1208
November 0.1213 0.1203 0.1208
December 0.1214 0.1198 0.1207