2020 MKD to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 MKD to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the MKD to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 15, valuing the pair at 27.2671. Conversely, the yearly low was recorded on November 2, dropping to 24.3166.
This high-to-low spread represents a total annual volatility of 2.9505 MMK. From a start-to-finish perspective, comparing the January average rate of 26.5139 to the December average rate of 26.4078, the exchange rate registered a net change of -0.40% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 27.2671 was down 4.94% compared to the 2019 peak of 28.6839, 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 MMK 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 25.4426, compared to 25.4686 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0260 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was December, with a trading range of 1.6036 MMK (High: 27.2671 / Low: 25.6636). On the other end, October was the most stable month, with a tight range of 0.5020 MMK (High: 24.9089 / Low: 24.4069).
Growth Streaks & Declines
TrendsBetween October and December, 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 January and February, when the average rate fell by 0.8232 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 26.4078) against the same month in 2019 (average: 27.0932), the exchange rate shifted by -0.6854 (-2.53%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 27.0543 | 26.2046 | 26.5139 |
| February | 26.2573 | 25.3652 | 25.6906 |
| March | 25.8674 | 24.4868 | 25.1309 |
| April | 25.6364 | 24.5752 | 25.0362 |
| May | 25.2917 | 24.3848 | 24.8326 |
| June | 25.7796 | 24.9952 | 25.4513 |
| July | 26.2477 | 24.8591 | 25.4313 |
| August | 26.2515 | 25.6827 | 26.0438 |
| September | 25.7799 | 24.6965 | 25.2882 |
| October | 24.9089 | 24.4069 | 24.6745 |
| November | 25.4667 | 24.3166 | 24.9660 |
| December | 27.2671 | 25.6636 | 26.4078 |