2020 MKD to SZL Historical Review

YEARLY HIGH

0.3391 SZL

YEARLY LOW

0.2543 SZL

YEARLY AVERAGE

0.3045 SZL

2020 MKD to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on August 6, valuing the pair at 0.3391. Conversely, the yearly low was recorded on January 4, dropping to 0.2543.

This high-to-low spread represents a total annual volatility of 0.0848 SZL. From a start-to-finish perspective, comparing the January average rate of 0.2592 to the December average rate of 0.2943, the exchange rate registered a net change of 13.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.3391 was up 20.42% compared to the 2019 peak of 0.2816, 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 1,695 SZL

2019 Average 1,314 SZL

Yearly Trough Low 1,271 SZL

Transaction Impact: A difference of 424.06 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.3372

0.2521

JanuMarcMayJulySeptNove

MKD to SZL 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 0.2974, compared to 0.3115 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0141 points.

H1 Avg (Jan–Jun) 0.2974

H2 Avg (Jul–Dec) 0.3115

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0485 SZL (High: 0.3209 / Low: 0.2725). On the other end, October was the most stable month, with a tight range of 0.0099 SZL (High: 0.3181 / Low: 0.3083).

March Spread (Volatile) ±0.0485

October Spread (Stable) ±0.0099

Growth Streaks & Declines

Trends

Between January and April, 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 October and November, when the average rate fell by 0.0159 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0159

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2020: 0.3301) against the same month in 2019 (average: 0.2732), the exchange rate shifted by +0.0569 (+20.81%).

2020 Avg (August) 0.3301

2019 Avg (August) 0.2732

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2651	0.2543	0.2592
February	0.2725	0.2610	0.2655
March	0.3209	0.2725	0.2984
April	0.3347	0.3173	0.3271
May	0.3309	0.3103	0.3217
June	0.3179	0.3053	0.3126
July	0.3200	0.3081	0.3115
August	0.3391	0.3200	0.3301
September	0.3257	0.3107	0.3203
October	0.3181	0.3083	0.3144
November	0.3088	0.2938	0.2985
December	0.3015	0.2884	0.2943