YEARLY HIGH
0.0815 MYR
YEARLY LOW
0.0728 MYR
YEARLY AVERAGE
0.0778 MYR

2020 MKD to MYR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to MYR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 2, valuing the pair at 0.0815. Conversely, the yearly low was recorded on January 26, dropping to 0.0728.

This high-to-low spread represents a total annual volatility of 0.0087 MYR. From a start-to-finish perspective, comparing the January average rate of 0.0736 to the December average rate of 0.0801, the exchange rate registered a net change of 8.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0815 was up 5.98% compared to the 2019 peak of 0.0769, 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 407 MYR
2019 Average 377 MYR
Yearly Trough Low 364 MYR
Transaction Impact: A difference of 43.48 MYR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0810
0.0730
JanuMarcMayJulySeptNove

MKD to MYR 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 0.0760, compared to 0.0796 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0036 points.

H1 Avg (Jan–Jun) 0.0760
H2 Avg (Jul–Dec) 0.0796

Volatility Range Comparison

Volatility

The most volatile month in 2020 was July, with a trading range of 0.0034 MYR (High: 0.0815 / Low: 0.0781). On the other end, November was the most stable month, with a tight range of 0.0009 MYR (High: 0.0795 / Low: 0.0785).

July Spread (Volatile) ±0.0034
November Spread (Stable) ±0.0009

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 August and September, when the average rate fell by 0.0010 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2020: 0.0804) against the same month in 2019 (average: 0.0758), the exchange rate shifted by +0.0046 (+6.09%).

2020 Avg (August) 0.0804
2019 Avg (August) 0.0758

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0747 0.0728 0.0736
February 0.0751 0.0728 0.0737
March 0.0782 0.0751 0.0771
April 0.0775 0.0758 0.0767
May 0.0785 0.0757 0.0768
June 0.0786 0.0775 0.0780
July 0.0815 0.0781 0.0793
August 0.0815 0.0799 0.0804
September 0.0802 0.0786 0.0794
October 0.0799 0.0788 0.0793
November 0.0795 0.0785 0.0790
December 0.0807 0.0791 0.0801