2020 MKD to MRO Historical Review

YEARLY HIGH

7.1260 MRO

YEARLY LOW

6.2101 MRO

YEARLY AVERAGE

6.6122 MRO

2020 MKD to MRO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 7.1260. Conversely, the yearly low was recorded on March 22, dropping to 6.2101.

This high-to-low spread represents a total annual volatility of 0.9160 MRO. From a start-to-finish perspective, comparing the January average rate of 6.4457 to the December average rate of 7.0511, the exchange rate registered a net change of 9.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 7.1260 was up 6.93% compared to the 2019 peak of 6.6643, 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 35,630 MRO

2019 Average 32,481 MRO

Yearly Trough Low 31,050 MRO

Transaction Impact: A difference of 4,579.90 MRO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

7.1270

6.2160

JanuMarcMayJulySeptNove

MKD to MRO 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 6.3839, compared to 6.8405 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4566 points.

H1 Avg (Jan–Jun) 6.3839

H2 Avg (Jul–Dec) 6.8405

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.4113 MRO (High: 6.6213 / Low: 6.2101). On the other end, October was the most stable month, with a tight range of 0.1011 MRO (High: 6.8724 / Low: 6.7713).

March Spread (Volatile) ±0.4113

October Spread (Stable) ±0.1011

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 January and February, when the average rate fell by 0.1219 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1219

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 7.0511) against the same month in 2019 (average: 6.4498), the exchange rate shifted by +0.6013 (+9.32%).

2020 Avg (December) 7.0511

2019 Avg (December) 6.4498

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.5102	6.3896	6.4457
February	6.4046	6.2513	6.3238
March	6.6213	6.2101	6.4069
April	6.3644	6.2437	6.2919
May	6.4476	6.2547	6.3186
June	6.5850	6.4499	6.5168
July	6.8617	6.5065	6.6347
August	6.9176	6.8025	6.8506
September	6.9043	6.7419	6.8311
October	6.8724	6.7713	6.8172
November	6.9125	6.7445	6.8585
December	7.1260	6.9338	7.0511