2020 MKD to GNF Historical Review

YEARLY HIGH

199.8085 GNF

YEARLY LOW

164.8958 GNF

YEARLY AVERAGE

178.2811 GNF

2020 MKD to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 199.8085. Conversely, the yearly low was recorded on March 22, dropping to 164.8958.

This high-to-low spread represents a total annual volatility of 34.9127 GNF. From a start-to-finish perspective, comparing the January average rate of 171.2476 to the December average rate of 196.4109, the exchange rate registered a net change of 14.69% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 199.8085 was up 14.58% compared to the 2019 peak of 174.3761, 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 999,042 GNF

2019 Average 839,752 GNF

Yearly Trough Low 824,479 GNF

Transaction Impact: A difference of 174,563.35 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

199.3195

164.4157

JanuMarcMayJulySeptNove

MKD to GNF 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 169.7444, compared to 186.8179 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 17.0734 points.

H1 Avg (Jan–Jun) 169.7444

H2 Avg (Jul–Dec) 186.8179

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 11.2408 GNF (High: 176.1366 / Low: 164.8958). On the other end, September was the most stable month, with a tight range of 2.9780 GNF (High: 186.8220 / Low: 183.8440).

March Spread (Volatile) ±11.2408

September Spread (Stable) ±2.9780

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 3.4923 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -3.4923

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 196.4109) against the same month in 2019 (average: 171.2576), the exchange rate shifted by +25.1533 (+14.69%).

2020 Avg (December) 196.4109

2019 Avg (December) 171.2576

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	175.0465	168.4663	171.2476
February	170.8866	166.1135	167.7553
March	176.1366	164.8958	170.0765
April	168.8969	165.6533	167.3244
May	172.0771	164.9705	167.6672
June	176.3720	171.6560	174.3957
July	184.8057	175.3287	178.9183
August	187.0154	183.5648	185.0599
September	186.8220	183.8440	185.6199
October	188.6127	185.3165	186.7673
November	190.4369	184.9298	188.1307
December	199.8085	191.1759	196.4109