YEARLY HIGH
0.1836 SEK
YEARLY LOW
0.1630 SEK
YEARLY AVERAGE
0.1702 SEK

2020 MKD to SEK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to SEK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.1836. Conversely, the yearly low was recorded on December 24, dropping to 0.1630.

This high-to-low spread represents a total annual volatility of 0.0206 SEK. From a start-to-finish perspective, comparing the January average rate of 0.1716 to the December average rate of 0.1650, the exchange rate registered a net change of -3.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.1836 was up 3.40% compared to the 2019 peak of 0.1776, 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 918 SEK
2019 Average 860 SEK
Yearly Trough Low 815 SEK
Transaction Impact: A difference of 102.75 SEK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.1778
0.1638
JanuMarcMayJulySeptNove

MKD to SEK 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 0.1730, compared to 0.1674 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0057 points.

H1 Avg (Jan–Jun) 0.1730
H2 Avg (Jul–Dec) 0.1674

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0124 SEK (High: 0.1836 / Low: 0.1712). On the other end, January was the most stable month, with a tight range of 0.0026 SEK (High: 0.1728 / Low: 0.1702).

March Spread (Volatile) ±0.0124
January Spread (Stable) ±0.0026

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0045 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0045

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.1764) against the same month in 2019 (average: 0.1707), the exchange rate shifted by +0.0057 (+3.35%).

2020 Avg (March) 0.1764
2019 Avg (March) 0.1707

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1728 0.1702 0.1716
February 0.1731 0.1701 0.1715
March 0.1836 0.1712 0.1764
April 0.1793 0.1721 0.1766
May 0.1761 0.1703 0.1721
June 0.1729 0.1668 0.1700
July 0.1700 0.1656 0.1681
August 0.1687 0.1657 0.1673
September 0.1725 0.1675 0.1693
October 0.1705 0.1671 0.1687
November 0.1689 0.1644 0.1659
December 0.1671 0.1630 0.1650