2020 MKD to MAD Historical Review

YEARLY HIGH

0.1834 MAD

YEARLY LOW

0.1706 MAD

YEARLY AVERAGE

0.1757 MAD

2020 MKD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 0.1834. Conversely, the yearly low was recorded on February 20, dropping to 0.1706.

This high-to-low spread represents a total annual volatility of 0.0128 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1735 to the December average rate of 0.1774, the exchange rate registered a net change of 2.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.1834 was up 2.66% compared to the 2019 peak of 0.1787, 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 917 MAD

2019 Average 875 MAD

Yearly Trough Low 853 MAD

Transaction Impact: A difference of 64.21 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.1793

0.1707

JanuMarcMayJulySeptNove

MKD to MAD 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 0.1747, compared to 0.1766 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0019 points.

H1 Avg (Jan–Jun) 0.1747

H2 Avg (Jul–Dec) 0.1766

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0095 MAD (High: 0.1803 / Low: 0.1708). On the other end, November was the most stable month, with a tight range of 0.0015 MAD (High: 0.1761 / Low: 0.1746).

March Spread (Volatile) ±0.0095

November Spread (Stable) ±0.0015

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0043 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.1774) against the same month in 2019 (average: 0.1738), the exchange rate shifted by +0.0036 (+2.05%).

2020 Avg (December) 0.1774

2019 Avg (December) 0.1738

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1753	0.1722	0.1735
February	0.1724	0.1706	0.1714
March	0.1803	0.1708	0.1737
April	0.1825	0.1742	0.1786
May	0.1768	0.1728	0.1743
June	0.1779	0.1753	0.1767
July	0.1791	0.1766	0.1775
August	0.1791	0.1757	0.1772
September	0.1778	0.1752	0.1765
October	0.1771	0.1749	0.1758
November	0.1761	0.1746	0.1754
December	0.1834	0.1760	0.1774