2020 MKD to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 MKD to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the MKD to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 10.2375. Conversely, the yearly low was recorded on March 22, dropping to 8.9450.
This high-to-low spread represents a total annual volatility of 1.2925 SYP. From a start-to-finish perspective, comparing the January average rate of 9.2980 to the December average rate of 10.1297, the exchange rate registered a net change of 8.95% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 10.2375 was up 6.48% compared to the 2019 peak of 9.6140, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
MKD to SYP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 9.1939, compared to 9.8177 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6238 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 0.6148 SYP (High: 9.5598 / Low: 8.9450). On the other end, October was the most stable month, with a tight range of 0.1364 SYP (High: 9.8599 / Low: 9.7235).
Growth Streaks & Declines
TrendsBetween 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 March and April, when the average rate fell by 0.1885 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 10.1297) against the same month in 2019 (average: 9.3043), the exchange rate shifted by +0.8254 (+8.87%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.3920 | 9.2183 | 9.2980 |
| February | 9.2393 | 9.0177 | 9.1228 |
| March | 9.5598 | 8.9450 | 9.2382 |
| April | 9.1463 | 8.9775 | 9.0497 |
| May | 9.2780 | 8.9902 | 9.0849 |
| June | 9.4648 | 9.2706 | 9.3698 |
| July | 9.8427 | 9.3476 | 9.5313 |
| August | 9.9121 | 9.7495 | 9.8214 |
| September | 9.8886 | 9.6671 | 9.7879 |
| October | 9.8599 | 9.7235 | 9.7838 |
| November | 9.9301 | 9.6840 | 9.8521 |
| December | 10.2375 | 9.9621 | 10.1297 |