2020 MKD to VEF Historical Review

YEARLY HIGH

4960.0334 VEF

YEARLY LOW

4322.4707 VEF

YEARLY AVERAGE

4602.4006 VEF

2020 MKD to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 4960.0334. Conversely, the yearly low was recorded on March 22, dropping to 4322.4707.

This high-to-low spread represents a total annual volatility of 637.5626 VEF. From a start-to-finish perspective, comparing the January average rate of 4486.4778 to the December average rate of 4907.8613, the exchange rate registered a net change of 9.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 4960.0334 was up 6.93% compared to the 2019 peak of 4638.6684, 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 24,800,167 VEF

2019 Average 22,608,289 VEF

Yearly Trough Low 21,612,354 VEF

Transaction Impact: A difference of 3,187,813.20 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

4960.7056

4326.5747

JanuMarcMayJulySeptNove

MKD to VEF 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 4443.5012, compared to 4761.3000 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 317.7988 points.

H1 Avg (Jan–Jun) 4443.5012

H2 Avg (Jul–Dec) 4761.3000

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 286.2650 VEF (High: 4608.7357 / Low: 4322.4707). On the other end, October was the most stable month, with a tight range of 70.3995 VEF (High: 4783.5133 / Low: 4713.1138).

March Spread (Volatile) ±286.2650

October Spread (Stable) ±70.3995

Growth Streaks & Declines

Trends

Between 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 January and February, when the average rate fell by 84.8200 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -84.8200

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 4907.8613) against the same month in 2019 (average: 4489.3522), the exchange rate shifted by +418.5091 (+9.32%).

2020 Avg (December) 4907.8613

2019 Avg (December) 4489.3522

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4531.3940	4447.4272	4486.4778
February	4457.8856	4351.2063	4401.6578
March	4608.7357	4322.4707	4459.4547
April	4429.9080	4345.8819	4379.4190
May	4487.8403	4353.5246	4397.9928
June	4583.4536	4489.3931	4536.0049
July	4776.0726	4528.7948	4618.0111
August	4814.9500	4734.8159	4768.3150
September	4805.7144	4692.6521	4754.7194
October	4783.5133	4713.1138	4745.0668
November	4811.3808	4694.4871	4773.8263
December	4960.0334	4826.2619	4907.8613