2020 MKD to KES Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 MKD to KES Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the MKD to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 2.2177. Conversely, the yearly low was recorded on February 13, dropping to 1.7697.
This high-to-low spread represents a total annual volatility of 0.4479 KES. From a start-to-finish perspective, comparing the January average rate of 1.8252 to the December average rate of 2.1825, the exchange rate registered a net change of 19.57% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 2.2177 was up 16.57% compared to the 2019 peak of 1.9024, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
MKD to KES Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.8634, compared to 2.0837 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2203 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was July, with a trading range of 0.1293 KES (High: 2.0712 / Low: 1.9419). On the other end, October was the most stable month, with a tight range of 0.0310 KES (High: 2.0924 / Low: 2.0614).
Growth Streaks & Declines
TrendsBetween February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0391 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 2.1825) against the same month in 2019 (average: 1.8326), the exchange rate shifted by +0.3499 (+19.09%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.8553 | 1.8003 | 1.8252 |
| February | 1.8029 | 1.7697 | 1.7861 |
| March | 1.9083 | 1.8029 | 1.8622 |
| April | 1.8930 | 1.8537 | 1.8761 |
| May | 1.9289 | 1.8582 | 1.8886 |
| June | 1.9654 | 1.9273 | 1.9422 |
| July | 2.0712 | 1.9419 | 1.9947 |
| August | 2.1002 | 2.0587 | 2.0749 |
| September | 2.0943 | 2.0490 | 2.0749 |
| October | 2.0924 | 2.0614 | 2.0748 |
| November | 2.1318 | 2.0564 | 2.1005 |
| December | 2.2177 | 2.1413 | 2.1825 |