2020 MKD to HNL Historical Review

YEARLY HIGH

0.4831 HNL

YEARLY LOW

0.4315 HNL

YEARLY AVERAGE

0.4580 HNL

2020 MKD to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.4831. Conversely, the yearly low was recorded on February 20, dropping to 0.4315.

This high-to-low spread represents a total annual volatility of 0.0516 HNL. From a start-to-finish perspective, comparing the January average rate of 0.4475 to the December average rate of 0.4788, the exchange rate registered a net change of 7.00% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.4831 was up 4.85% compared to the 2019 peak of 0.4608, 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 2,416 HNL

2019 Average 2,234 HNL

Yearly Trough Low 2,158 HNL

Transaction Impact: A difference of 257.82 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.4828

0.4351

JanuMarcMayJulySeptNove

MKD to HNL 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 0.4450, compared to 0.4711 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0261 points.

H1 Avg (Jan–Jun) 0.4450

H2 Avg (Jul–Dec) 0.4711

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0279 HNL (High: 0.4607 / Low: 0.4329). On the other end, October was the most stable month, with a tight range of 0.0065 HNL (High: 0.4720 / Low: 0.4655).

March Spread (Volatile) ±0.0279

October Spread (Stable) ±0.0065

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0079 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0079

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.4788) against the same month in 2019 (average: 0.4408), the exchange rate shifted by +0.0380 (+8.62%).

2020 Avg (December) 0.4788

2019 Avg (December) 0.4408

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4578	0.4436	0.4475
February	0.4453	0.4315	0.4396
March	0.4607	0.4329	0.4464
April	0.4444	0.4355	0.4390
May	0.4511	0.4377	0.4420
June	0.4597	0.4504	0.4551
July	0.4796	0.4536	0.4624
August	0.4796	0.4706	0.4744
September	0.4774	0.4655	0.4728
October	0.4720	0.4655	0.4693
November	0.4726	0.4639	0.4688
December	0.4831	0.4719	0.4788