2020 MKD to ZAR Historical Review

YEARLY HIGH

0.3384 ZAR

YEARLY LOW

0.2555 ZAR

YEARLY AVERAGE

0.3047 ZAR

2020 MKD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 7, valuing the pair at 0.3384. Conversely, the yearly low was recorded on January 1, dropping to 0.2555.

This high-to-low spread represents a total annual volatility of 0.0829 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.2601 to the December average rate of 0.2937, the exchange rate registered a net change of 12.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.3384 was up 20.52% compared to the 2019 peak of 0.2808, 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 1,692 ZAR

2019 Average 1,314 ZAR

Yearly Trough Low 1,277 ZAR

Transaction Impact: A difference of 414.43 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.3375

0.2531

JanuMarcMayJulySeptNove

MKD to ZAR 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 0.2981, compared to 0.3113 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0132 points.

H1 Avg (Jan–Jun) 0.2981

H2 Avg (Jul–Dec) 0.3113

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0472 ZAR (High: 0.3230 / Low: 0.2758). On the other end, October was the most stable month, with a tight range of 0.0102 ZAR (High: 0.3184 / Low: 0.3082).

March Spread (Volatile) ±0.0472

October Spread (Stable) ±0.0102

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 0.0157 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0157

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2020: 0.3304) against the same month in 2019 (average: 0.2747), the exchange rate shifted by +0.0558 (+20.31%).

2020 Avg (August) 0.3304

2019 Avg (August) 0.2747

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2692	0.2555	0.2601
February	0.2792	0.2622	0.2667
March	0.3230	0.2758	0.2995
April	0.3370	0.3181	0.3282
May	0.3361	0.3097	0.3214
June	0.3183	0.3048	0.3125
July	0.3281	0.3072	0.3116
August	0.3384	0.3179	0.3304
September	0.3246	0.3108	0.3200
October	0.3184	0.3082	0.3139
November	0.3084	0.2927	0.2982
December	0.3006	0.2882	0.2937