2020 MKD to KRW Historical Review

YEARLY HIGH

23.0201 KRW

YEARLY LOW

20.8021 KRW

YEARLY AVERAGE

21.8226 KRW

2020 MKD to KRW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on August 31, valuing the pair at 23.0201. Conversely, the yearly low was recorded on February 12, dropping to 20.8021.

This high-to-low spread represents a total annual volatility of 2.2180 KRW. From a start-to-finish perspective, comparing the January average rate of 21.0531 to the December average rate of 21.6119, the exchange rate registered a net change of 2.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 23.0201 was up 3.65% compared to the 2019 peak of 22.2089, 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 115,100 KRW

2019 Average 105,995 KRW

Yearly Trough Low 104,010 KRW

Transaction Impact: A difference of 11,090.15 KRW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

22.9558

20.8801

JanuMarcMayJulySeptNove

MKD to KRW 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 21.5632, compared to 22.0820 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5188 points.

H1 Avg (Jan–Jun) 21.5632

H2 Avg (Jul–Dec) 22.0820

Volatility Range Comparison

Volatility

The most volatile month in 2020 was July, with a trading range of 1.0967 KRW (High: 22.9568 / Low: 21.8601). On the other end, June was the most stable month, with a tight range of 0.3253 KRW (High: 22.1774 / Low: 21.8521).

July Spread (Volatile) ±1.0967

June Spread (Stable) ±0.3253

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 September and October, when the average rate fell by 0.6883 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.6883

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2020: 22.7828) against the same month in 2019 (average: 21.8975), the exchange rate shifted by +0.8853 (+4.04%).

2020 Avg (August) 22.7828

2019 Avg (August) 21.8975

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.4558	20.8587	21.0531
February	21.5746	20.8021	21.1662
March	22.3977	21.3866	21.8207
April	21.9338	21.3393	21.5490
May	22.2433	21.4404	21.7586
June	22.1774	21.8521	22.0319
July	22.9568	21.8601	22.2853
August	23.0201	22.5993	22.7828
September	22.9262	22.0912	22.5394
October	22.1841	21.5583	21.8510
November	21.5967	21.2446	21.4217
December	21.9127	21.2990	21.6119