2020 MKD to GEL Historical Review

YEARLY HIGH

0.0657 GEL

YEARLY LOW

0.0491 GEL

YEARLY AVERAGE

0.0577 GEL

2020 MKD to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 4, valuing the pair at 0.0657. Conversely, the yearly low was recorded on February 25, dropping to 0.0491.

This high-to-low spread represents a total annual volatility of 0.0166 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0520 to the December average rate of 0.0651, the exchange rate registered a net change of 25.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0657 was up 22.04% compared to the 2019 peak of 0.0538, 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 328 GEL

2019 Average 256 GEL

Yearly Trough Low 246 GEL

Transaction Impact: A difference of 82.81 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0665

0.0489

JanuMarcMayJulySeptNove

MKD to GEL 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 0.0542, compared to 0.0613 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0071 points.

H1 Avg (Jan–Jun) 0.0542

H2 Avg (Jul–Dec) 0.0613

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0113 GEL (High: 0.0610 / Low: 0.0497). On the other end, January was the most stable month, with a tight range of 0.0007 GEL (High: 0.0523 / Low: 0.0516).

March Spread (Volatile) ±0.0113

January Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0016 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.0651) against the same month in 2019 (average: 0.0522), the exchange rate shifted by +0.0128 (+24.55%).

2020 Avg (December) 0.0651

2019 Avg (December) 0.0522

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0523	0.0516	0.0520
February	0.0518	0.0491	0.0504
March	0.0610	0.0497	0.0541
April	0.0583	0.0553	0.0561
May	0.0575	0.0562	0.0567
June	0.0581	0.0536	0.0558
July	0.0594	0.0557	0.0571
August	0.0599	0.0588	0.0593
September	0.0638	0.0590	0.0608
October	0.0624	0.0610	0.0616
November	0.0654	0.0614	0.0637
December	0.0657	0.0644	0.0651