2020 PHP to MKD Historical Review

YEARLY HIGH

1.1367 MKD

YEARLY LOW

1.0431 MKD

YEARLY AVERAGE

1.0896 MKD

2020 PHP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the PHP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 1, valuing the pair at 1.1367. Conversely, the yearly low was recorded on December 30, dropping to 1.0431.

This high-to-low spread represents a total annual volatility of 0.0936 MKD. From a start-to-finish perspective, comparing the January average rate of 1.0896 to the December average rate of 1.0530, the exchange rate registered a net change of -3.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 1.1367 was up 2.87% compared to the 2019 peak of 1.1049, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 284,177 MKD

2019 Average 265,487 MKD

Yearly Trough Low 260,772 MKD

Transaction Impact: A difference of 23,405.52 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1.1268

1.0463

JanuMarcMayJulySeptNove

PHP 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 1.1048, compared to 1.0745 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0303 points.

H1 Avg (Jan–Jun) 1.1048

H2 Avg (Jul–Dec) 1.0745

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0561 MKD (High: 1.1225 / Low: 1.0664). On the other end, October was the most stable month, with a tight range of 0.0186 MKD (High: 1.0886 / Low: 1.0699).

March Spread (Volatile) ±0.0561

October Spread (Stable) ±0.0186

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 November and December, when the average rate fell by 0.0260 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0260

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2020: 1.1184) against the same month in 2019 (average: 1.0543), the exchange rate shifted by +0.0641 (+6.08%).

2020 Avg (May) 1.1184

2019 Avg (May) 1.0543

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0996	1.0748	1.0896
February	1.1264	1.0923	1.1112
March	1.1225	1.0664	1.0947
April	1.1288	1.1060	1.1201
May	1.1367	1.0977	1.1184
June	1.1051	1.0824	1.0945
July	1.1074	1.0579	1.0893
August	1.0781	1.0568	1.0685
September	1.0930	1.0636	1.0773
October	1.0886	1.0699	1.0797
November	1.0926	1.0735	1.0790
December	1.0724	1.0431	1.0530