YEARLY HIGH
0.9306 MKD
YEARLY LOW
0.5954 MKD
YEARLY AVERAGE
0.7769 MKD

2020 ARS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ARS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 0.9306. Conversely, the yearly low was recorded on December 30, dropping to 0.5954.

This high-to-low spread represents a total annual volatility of 0.3353 MKD. From a start-to-finish perspective, comparing the January average rate of 0.9243 to the December average rate of 0.6133, the exchange rate registered a net change of -33.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.9306 was down 36.38% compared to the 2019 peak of 1.4627, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ARS based on timing:

Yearly Peak High 4,653 MKD
2019 Average 5,864 MKD
Yearly Trough Low 2,977 MKD
Transaction Impact: A difference of 1,676.28 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.9554
0.5822
JanuMarcMayJulySeptNove

ARS to MKD 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: JanтАУJun) was 0.8700, compared to 0.6838 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.1862 points.

H1 Avg (JanтАУJun) 0.8700
H2 Avg (JulтАУDec) 0.6838

Volatility Range Comparison

Volatility

The most volatile month in 2020 was July, with a trading range of 0.0579 MKD (High: 0.7767 / Low: 0.7188). On the other end, September was the most stable month, with a tight range of 0.0116 MKD (High: 0.7011 / Low: 0.6895).

July Spread (Volatile) ┬▒0.0579
September Spread (Stable) ┬▒0.0116

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0485 points.

Longest Streak 0 Mo.
Sharpest MoM Drop -0.0485

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 0.9243) against the same month in 2019 (average: 1.4446), the exchange rate shifted by -0.5202 (-36.01%).

2020 Avg (January) 0.9243
2019 Avg (January) 1.4446

рдорд╛рд╕рд┐рдХ рд╡рд┐рд╢реНрд▓реЗрд╖рдг

рдкреНрд░рддреНрдпреЗрдХ рдХреЕрд▓реЗрдВрдбрд░ рдорд╣рд┐рдиреНрдпрд╛рд╕рд╛рдареА рд╕рд╛рдВрдЦреНрдпрд┐рдХреАрдп рд╕рд╛рд░рд╛рдВрд╢.

Month High Low Average
January 0.9306 0.9151 0.9243
February 0.9278 0.9034 0.9215
March 0.9053 0.8619 0.8833
April 0.8810 0.8489 0.8658
May 0.8606 0.8091 0.8368
June 0.8071 0.7788 0.7882
July 0.7767 0.7188 0.7546
August 0.7231 0.6963 0.7118
September 0.7011 0.6895 0.6955
October 0.6885 0.6651 0.6755
November 0.6734 0.6352 0.6519
December 0.6322 0.5954 0.6133