2020 MKD to GHS Historical Review

YEARLY HIGH

0.1173 GHS

YEARLY LOW

0.0932 GHS

YEARLY AVERAGE

0.1062 GHS

2020 MKD to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 7, valuing the pair at 0.1173. Conversely, the yearly low was recorded on February 20, dropping to 0.0932.

This high-to-low spread represents a total annual volatility of 0.0240 GHS. From a start-to-finish perspective, comparing the January average rate of 0.1021 to the December average rate of 0.1159, the exchange rate registered a net change of 13.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.1173 was down 55.49% compared to the 2019 peak of 0.2635, 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 586 GHS

2019 Average 490 GHS

Yearly Trough Low 466 GHS

Transaction Impact: A difference of 120.23 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.1180

0.0932

JanuMarcMayJulySeptNove

MKD to GHS 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 0.1012, compared to 0.1113 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0101 points.

H1 Avg (Jan–Jun) 0.1012

H2 Avg (Jul–Dec) 0.1113

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0074 GHS (High: 0.1035 / Low: 0.0962). On the other end, October was the most stable month, with a tight range of 0.0019 GHS (High: 0.1120 / Low: 0.1101).

March Spread (Volatile) ±0.0074

October Spread (Stable) ±0.0019

Growth Streaks & Declines

Trends

Between February and August, 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 0.0068 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0068

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.1159) against the same month in 2019 (average: 0.1029), the exchange rate shifted by +0.0130 (+12.59%).

2020 Avg (December) 0.1159

2019 Avg (December) 0.1029

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1038	0.0987	0.1021
February	0.0987	0.0932	0.0953
March	0.1035	0.0962	0.1001
April	0.1038	0.1004	0.1018
May	0.1045	0.1011	0.1022
June	0.1069	0.1038	0.1056
July	0.1108	0.1055	0.1074
August	0.1118	0.1098	0.1108
September	0.1116	0.1094	0.1107
October	0.1120	0.1101	0.1110
November	0.1135	0.1100	0.1121
December	0.1173	0.1138	0.1159