2020 MKD to ILS Historical Review

YEARLY HIGH

0.0689 ILS

YEARLY LOW

0.0600 ILS

YEARLY AVERAGE

0.0637 ILS

2020 MKD to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on March 17, valuing the pair at 0.0689. Conversely, the yearly low was recorded on February 18, dropping to 0.0600.

This high-to-low spread represents a total annual volatility of 0.0090 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0625 to the December average rate of 0.0641, the exchange rate registered a net change of 2.61% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0689 was down 0.90% compared to the 2019 peak of 0.0696, 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 345 ILS

2019 Average 324 ILS

Yearly Trough Low 300 ILS

Transaction Impact: A difference of 44.97 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0660

0.0604

JanuMarcMayJulySeptNove

MKD to ILS 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 0.0627, compared to 0.0647 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 0.0627

H2 Avg (Jul–Dec) 0.0647

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0067 ILS (High: 0.0689 / Low: 0.0622). On the other end, November was the most stable month, with a tight range of 0.0010 ILS (High: 0.0650 / Low: 0.0640).

March Spread (Volatile) ±0.0067

November Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between May and September, 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 0.0016 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0644) against the same month in 2019 (average: 0.0665), the exchange rate shifted by -0.0021 (-3.12%).

2020 Avg (March) 0.0644

2019 Avg (March) 0.0665

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0632	0.0618	0.0625
February	0.0622	0.0600	0.0608
March	0.0689	0.0622	0.0644
April	0.0647	0.0613	0.0629
May	0.0633	0.0616	0.0623
June	0.0639	0.0625	0.0631
July	0.0654	0.0626	0.0638
August	0.0658	0.0645	0.0652
September	0.0666	0.0647	0.0655
October	0.0653	0.0642	0.0648
November	0.0650	0.0640	0.0645
December	0.0647	0.0635	0.0641