2020 NPR to MKD Historical Review

YEARLY HIGH

0.4990 MKD

YEARLY LOW

0.4252 MKD

YEARLY AVERAGE

0.4564 MKD

2020 NPR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NPR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 19, valuing the pair at 0.4990. Conversely, the yearly low was recorded on December 21, dropping to 0.4252.

This high-to-low spread represents a total annual volatility of 0.0739 MKD. From a start-to-finish perspective, comparing the January average rate of 0.4860 to the December average rate of 0.4298, the exchange rate registered a net change of -11.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.4990 was down 0.59% compared to the 2019 peak of 0.5020, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,495 MKD

2019 Average 2,441 MKD

Yearly Trough Low 2,126 MKD

Transaction Impact: A difference of 369.36 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.5002

0.4234

JanuMarcMayJulySeptNove

NPR 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 0.4723, compared to 0.4406 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0316 points.

H1 Avg (Jan–Jun) 0.4723

H2 Avg (Jul–Dec) 0.4406

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0305 MKD (High: 0.4858 / Low: 0.4553). On the other end, September was the most stable month, with a tight range of 0.0077 MKD (High: 0.4493 / Low: 0.4416).

March Spread (Volatile) ±0.0305

September Spread (Stable) ±0.0077

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 0.0250 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0250

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2020: 0.4938) against the same month in 2019 (average: 0.4770), the exchange rate shifted by +0.0168 (+3.52%).

2020 Avg (February) 0.4938

2019 Avg (February) 0.4770

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4899	0.4777	0.4860
February	0.4990	0.4858	0.4938
March	0.4858	0.4553	0.4687
April	0.4714	0.4592	0.4658
May	0.4726	0.4580	0.4671
June	0.4588	0.4486	0.4521
July	0.4595	0.4351	0.4489
August	0.4421	0.4332	0.4369
September	0.4493	0.4416	0.4450
October	0.4492	0.4396	0.4451
November	0.4444	0.4357	0.4382
December	0.4368	0.4252	0.4298