YEARLY HIGH
0.0705 PGK
YEARLY LOW
0.0593 PGK
YEARLY AVERAGE
0.0643 PGK

2020 MKD to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0705. Conversely, the yearly low was recorded on March 23, dropping to 0.0593.

This high-to-low spread represents a total annual volatility of 0.0113 PGK. From a start-to-finish perspective, comparing the January average rate of 0.0614 to the December average rate of 0.0695, the exchange rate registered a net change of 13.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0705 was up 12.07% compared to the 2019 peak of 0.0629, 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 353 PGK
2019 Average 308 PGK
Yearly Trough Low 296 PGK
Transaction Impact: A difference of 56.30 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0704
0.0594
JanuMarcMayJulySeptNove

MKD to PGK 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 0.0614, compared to 0.0671 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0057 points.

H1 Avg (Jan–Jun) 0.0614
H2 Avg (Jul–Dec) 0.0671

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0046 PGK (High: 0.0639 / Low: 0.0593). On the other end, April was the most stable month, with a tight range of 0.0012 PGK (High: 0.0614 / Low: 0.0601).

March Spread (Volatile) ±0.0046
April Spread (Stable) ±0.0012

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 0.0012 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.0695) against the same month in 2019 (average: 0.0616), the exchange rate shifted by +0.0079 (+12.78%).

2020 Avg (December) 0.0695
2019 Avg (December) 0.0616

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0625 0.0605 0.0614
February 0.0619 0.0593 0.0603
March 0.0639 0.0593 0.0615
April 0.0614 0.0601 0.0607
May 0.0624 0.0604 0.0613
June 0.0641 0.0627 0.0631
July 0.0669 0.0628 0.0645
August 0.0684 0.0667 0.0674
September 0.0683 0.0656 0.0668
October 0.0678 0.0665 0.0670
November 0.0683 0.0663 0.0676
December 0.0705 0.0684 0.0695