2020 MKD to MZN Historical Review

YEARLY HIGH

1.4971 MZN

YEARLY LOW

1.1170 MZN

YEARLY AVERAGE

1.2879 MZN

2020 MKD to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 1.4971. Conversely, the yearly low was recorded on January 8, dropping to 1.1170.

This high-to-low spread represents a total annual volatility of 0.3800 MZN. From a start-to-finish perspective, comparing the January average rate of 1.1293 to the December average rate of 1.4712, the exchange rate registered a net change of 30.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 1.4971 was up 24.28% compared to the 2019 peak of 1.2046, 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 7,485 MZN

2019 Average 5,691 MZN

Yearly Trough Low 5,585 MZN

Transaction Impact: A difference of 1,900.10 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1.5054

1.0951

JanuMarcMayJulySeptNove

MKD to MZN 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 1.1879, compared to 1.3878 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1999 points.

H1 Avg (Jan–Jun) 1.1879

H2 Avg (Jul–Dec) 1.3878

Volatility Range Comparison

Volatility

The most volatile month in 2020 was July, with a trading range of 0.0833 MZN (High: 1.3618 / Low: 1.2785). On the other end, September was the most stable month, with a tight range of 0.0240 MZN (High: 1.3855 / Low: 1.3615).

July Spread (Volatile) ±0.0833

September Spread (Stable) ±0.0240

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0000 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 1.4712) against the same month in 2019 (average: 1.1403), the exchange rate shifted by +0.3309 (+29.02%).

2020 Avg (December) 1.4712

2019 Avg (December) 1.1403

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1437	1.1170	1.1293
February	1.1635	1.1309	1.1414
March	1.2167	1.1545	1.1851
April	1.1965	1.1700	1.1851
May	1.2538	1.1883	1.2128
June	1.2852	1.2541	1.2738
July	1.3618	1.2785	1.3089
August	1.3873	1.3516	1.3660
September	1.3855	1.3615	1.3761
October	1.4034	1.3766	1.3887
November	1.4373	1.3822	1.4159
December	1.4971	1.4381	1.4712