2020 MKD to ETB Historical Review

YEARLY HIGH

0.7852 ETB

YEARLY LOW

0.5602 ETB

YEARLY AVERAGE

0.6487 ETB

2020 MKD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.7852. Conversely, the yearly low was recorded on February 20, dropping to 0.5602.

This high-to-low spread represents a total annual volatility of 0.2251 ETB. From a start-to-finish perspective, comparing the January average rate of 0.5788 to the December average rate of 0.7645, the exchange rate registered a net change of 32.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.7852 was up 34.72% compared to the 2019 peak of 0.5828, 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 3,926 ETB

2019 Average 2,657 ETB

Yearly Trough Low 2,801 ETB

Transaction Impact: A difference of 1,125.29 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.7841

0.5490

JanuMarcMayJulySeptNove

MKD to ETB 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 0.5901, compared to 0.7072 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1172 points.

H1 Avg (Jan–Jun) 0.5901

H2 Avg (Jul–Dec) 0.7072

Volatility Range Comparison

Volatility

The most volatile month in 2020 was December, with a trading range of 0.0430 ETB (High: 0.7852 / Low: 0.7423). On the other end, January was the most stable month, with a tight range of 0.0129 ETB (High: 0.5851 / Low: 0.5722).

December Spread (Volatile) ±0.0430

January Spread (Stable) ±0.0129

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0102 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0102

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.7645) against the same month in 2019 (average: 0.5688), the exchange rate shifted by +0.1956 (+34.39%).

2020 Avg (December) 0.7645

2019 Avg (December) 0.5688

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5851	0.5722	0.5788
February	0.5764	0.5602	0.5686
March	0.6009	0.5690	0.5852
April	0.5919	0.5735	0.5825
May	0.6179	0.5828	0.5973
June	0.6390	0.6185	0.6280
July	0.6775	0.6356	0.6539
August	0.6987	0.6726	0.6860
September	0.7088	0.6925	0.7010
October	0.7269	0.6995	0.7105
November	0.7389	0.7129	0.7275
December	0.7852	0.7423	0.7645