2020 MKD to RSD Historical Review

YEARLY HIGH

1.9423 RSD

YEARLY LOW

1.8633 RSD

YEARLY AVERAGE

1.9080 RSD

2020 MKD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 1.9423. Conversely, the yearly low was recorded on March 28, dropping to 1.8633.

This high-to-low spread represents a total annual volatility of 0.0790 RSD. From a start-to-finish perspective, comparing the January average rate of 1.9117 to the December average rate of 1.9080, the exchange rate registered a net change of -0.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 1.9423 was up 0.35% compared to the 2019 peak of 1.9356, 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 9,712 RSD

2019 Average 9,575 RSD

Yearly Trough Low 9,317 RSD

Transaction Impact: A difference of 395.15 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1.9122

1.9063

JanuMarcMayJulySeptNove

MKD to RSD 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 1.9081, compared to 1.9079 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 1.9081

H2 Avg (Jul–Dec) 1.9079

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0790 RSD (High: 1.9423 / Low: 1.8633). On the other end, September was the most stable month, with a tight range of 0.0100 RSD (High: 1.9144 / Low: 1.9044).

March Spread (Volatile) ±0.0790

September Spread (Stable) ±0.0100

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0039 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0039

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 1.9080) against the same month in 2019 (average: 1.9189), the exchange rate shifted by -0.0109 (-0.57%).

2020 Avg (March) 1.9080

2019 Avg (March) 1.9189

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9195	1.9062	1.9117
February	1.9117	1.9013	1.9078
March	1.9423	1.8633	1.9080
April	1.9220	1.8934	1.9068
May	1.9129	1.8934	1.9074
June	1.9190	1.8845	1.9071
July	1.9178	1.8891	1.9075
August	1.9181	1.8945	1.9081
September	1.9144	1.9044	1.9089
October	1.9217	1.9049	1.9083
November	1.9156	1.9007	1.9068
December	1.9179	1.8914	1.9080