2020 PEN to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 PEN to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the PEN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 23, valuing the pair at 16.9482. Conversely, the yearly low was recorded on December 30, dropping to 13.8392.
This high-to-low spread represents a total annual volatility of 3.1090 MKD. From a start-to-finish perspective, comparing the January average rate of 16.6553 to the December average rate of 14.0617, the exchange rate registered a net change of -15.57% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 16.9482 was up 1.02% compared to the 2019 peak of 16.7765, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PEN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
PEN to MKD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 16.3802, compared to 14.6164 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.7637 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 1.0993 MKD (High: 16.5583 / Low: 15.4590). On the other end, October was the most stable month, with a tight range of 0.2487 MKD (High: 14.6880 / Low: 14.4393).
Growth Streaks & Declines
TrendsNo 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 0.7723 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2020: 16.6856) against the same month in 2019 (average: 16.5839), the exchange rate shifted by +0.1017 (+0.61%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16.8113 | 16.4502 | 16.6553 |
| February | 16.8734 | 16.2468 | 16.6504 |
| March | 16.5583 | 15.4590 | 15.9828 |
| April | 16.9482 | 16.3488 | 16.6856 |
| May | 16.8123 | 16.1241 | 16.5396 |
| June | 16.1702 | 15.5102 | 15.7673 |
| July | 15.5788 | 14.7304 | 15.3054 |
| August | 14.8158 | 14.4656 | 14.6381 |
| September | 14.8480 | 14.5373 | 14.7000 |
| October | 14.6880 | 14.4393 | 14.5649 |
| November | 14.6386 | 14.1816 | 14.4285 |
| December | 14.2687 | 13.8392 | 14.0617 |