2020 NGN to MKD Historical Review

YEARLY HIGH

0.1567 MKD

YEARLY LOW

0.1280 MKD

YEARLY AVERAGE

0.1423 MKD

2020 NGN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 0.1567. Conversely, the yearly low was recorded on December 26, dropping to 0.1280.

This high-to-low spread represents a total annual volatility of 0.0287 MKD. From a start-to-finish perspective, comparing the January average rate of 0.1529 to the December average rate of 0.1319, the exchange rate registered a net change of -13.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.1567 was down 13.30% compared to the 2019 peak of 0.1808, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 156,705 MKD

2019 Average 152,748 MKD

Yearly Trough Low 128,048 MKD

Transaction Impact: A difference of 28,656.73 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.1574

0.1296

JanuMarcMayJulySeptNove

NGN 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: Jan–Jun) was 0.1487, compared to 0.1359 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0128 points.

H1 Avg (Jan–Jun) 0.1487

H2 Avg (Jul–Dec) 0.1359

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0125 MKD (High: 0.1557 / Low: 0.1432). On the other end, October was the most stable month, with a tight range of 0.0028 MKD (High: 0.1386 / Low: 0.1358).

March Spread (Volatile) ±0.0125

October Spread (Stable) ±0.0028

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0047 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0047

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2020: 0.1551) against the same month in 2019 (average: 0.1501), the exchange rate shifted by +0.0050 (+3.30%).

2020 Avg (February) 0.1551

2019 Avg (February) 0.1501

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1543	0.1498	0.1529
February	0.1567	0.1533	0.1551
March	0.1557	0.1432	0.1504
April	0.1558	0.1449	0.1475
May	0.1470	0.1429	0.1452
June	0.1430	0.1399	0.1414
July	0.1414	0.1340	0.1389
August	0.1377	0.1336	0.1353
September	0.1392	0.1338	0.1362
October	0.1386	0.1358	0.1371
November	0.1387	0.1347	0.1363
December	0.1352	0.1280	0.1319