2020 MKD to ISK Historical Review

YEARLY HIGH

2.6959 ISK

YEARLY LOW

2.2067 ISK

YEARLY AVERAGE

2.5060 ISK

2020 MKD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 29, valuing the pair at 2.6959. Conversely, the yearly low was recorded on February 2, dropping to 2.2067.

This high-to-low spread represents a total annual volatility of 0.4892 ISK. From a start-to-finish perspective, comparing the January average rate of 2.2293 to the December average rate of 2.5159, the exchange rate registered a net change of 12.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 2.6959 was up 16.24% compared to the 2019 peak of 2.3194, 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 13,480 ISK

2019 Average 11,150 ISK

Yearly Trough Low 11,034 ISK

Transaction Impact: A difference of 2,446.08 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

2.6974

2.1868

JanuMarcMayJulySeptNove

MKD to ISK 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 2.4080, compared to 2.6040 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1961 points.

H1 Avg (Jan–Jun) 2.4080

H2 Avg (Jul–Dec) 2.6040

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.2713 ISK (High: 2.5286 / Low: 2.2573). On the other end, January was the most stable month, with a tight range of 0.0399 ISK (High: 2.2467 / Low: 2.2068).

March Spread (Volatile) ±0.2713

January Spread (Stable) ±0.0399

Growth Streaks & Declines

Trends

Between June and October, 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 November and December, when the average rate fell by 0.1073 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1073

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2020: 2.6548) against the same month in 2019 (average: 2.2383), the exchange rate shifted by +0.4165 (+18.61%).

2020 Avg (October) 2.6548

2019 Avg (October) 2.2383

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2467	2.2068	2.2293
February	2.2646	2.2067	2.2410
March	2.5286	2.2573	2.4174
April	2.5859	2.5131	2.5452
May	2.5888	2.4458	2.5371
June	2.5506	2.3865	2.4779
July	2.6111	2.5284	2.5706
August	2.6640	2.5924	2.6230
September	2.6909	2.5999	2.6366
October	2.6959	2.6315	2.6548
November	2.6773	2.5719	2.6233
December	2.5468	2.4725	2.5159