2020 MKD to TRY Historical Review

YEARLY HIGH

0.1641 TRY

YEARLY LOW

0.1061 TRY

YEARLY AVERAGE

0.1304 TRY

2020 MKD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 6, valuing the pair at 0.1641. Conversely, the yearly low was recorded on January 16, dropping to 0.1061.

This high-to-low spread represents a total annual volatility of 0.0581 TRY. From a start-to-finish perspective, comparing the January average rate of 0.1070 to the December average rate of 0.1521, the exchange rate registered a net change of 42.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.1641 was up 46.22% compared to the 2019 peak of 0.1122, 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 821 TRY

2019 Average 517 TRY

Yearly Trough Low 530 TRY

Transaction Impact: A difference of 290.27 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.1576

0.1024

JanuMarcMayJulySeptNove

MKD to TRY 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 0.1160, compared to 0.1448 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0288 points.

H1 Avg (Jan–Jun) 0.1160

H2 Avg (Jul–Dec) 0.1448

Volatility Range Comparison

Volatility

The most volatile month in 2020 was November, with a trading range of 0.0187 TRY (High: 0.1641 / Low: 0.1454). On the other end, January was the most stable month, with a tight range of 0.0027 TRY (High: 0.1087 / Low: 0.1061).

November Spread (Volatile) ±0.0187

January Spread (Stable) ±0.0027

Growth Streaks & Declines

Trends

Between January and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0009 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2020: 0.1530) against the same month in 2019 (average: 0.1031), the exchange rate shifted by +0.0499 (+48.41%).

2020 Avg (November) 0.1530

2019 Avg (November) 0.1031

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1087	0.1061	0.1070
February	0.1112	0.1063	0.1075
March	0.1180	0.1099	0.1139
April	0.1232	0.1177	0.1207
May	0.1261	0.1199	0.1226
June	0.1256	0.1216	0.1245
July	0.1340	0.1250	0.1277
August	0.1428	0.1327	0.1397
September	0.1490	0.1419	0.1444
October	0.1585	0.1475	0.1518
November	0.1641	0.1454	0.1530
December	0.1555	0.1470	0.1521