2020 NZD to MKD Historical Review

YEARLY HIGH

36.9358 MKD

YEARLY LOW

32.0518 MKD

YEARLY AVERAGE

35.1137 MKD

2020 NZD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NZD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 36.9358. Conversely, the yearly low was recorded on March 18, dropping to 32.0518.

This high-to-low spread represents a total annual volatility of 4.8840 MKD. From a start-to-finish perspective, comparing the January average rate of 36.6211 to the December average rate of 35.9290, the exchange rate registered a net change of -1.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 36.9358 was down 1.83% compared to the 2019 peak of 37.6229, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 184,679 MKD

2019 Average 181,098 MKD

Yearly Trough Low 160,259 MKD

Transaction Impact: A difference of 24,420.09 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

36.9153

33.3842

JanuMarcMayJulySeptNove

NZD 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 35.0315, compared to 35.1959 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1644 points.

H1 Avg (Jan–Jun) 35.0315

H2 Avg (Jul–Dec) 35.1959

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 2.8176 MKD (High: 34.8694 / Low: 32.0518). On the other end, September was the most stable month, with a tight range of 0.6142 MKD (High: 35.1817 / Low: 34.5675).

March Spread (Volatile) ±2.8176

September Spread (Stable) ±0.6142

Growth Streaks & Declines

Trends

Between March and July, 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 February and March, when the average rate fell by 2.4031 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -2.4031

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 36.6211) against the same month in 2019 (average: 36.5975), the exchange rate shifted by +0.0235 (+0.06%).

2020 Avg (January) 36.6211

2019 Avg (January) 36.5975

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	36.9358	36.0288	36.6211
February	36.6203	35.0710	36.0816
March	34.8694	32.0518	33.6785
April	34.7884	33.3000	34.0975
May	34.8985	33.7508	34.3943
June	35.8671	34.7678	35.3163
July	35.8706	34.4987	35.4514
August	35.1489	33.9747	34.4209
September	35.1817	34.5675	34.8424
October	35.0485	34.2922	34.7642
November	36.3552	34.8207	35.7676
December	36.3979	35.6613	35.9290