2020 RSD to MKD Historical Review

YEARLY HIGH

0.5367 MKD

YEARLY LOW

0.5148 MKD

YEARLY AVERAGE

0.5241 MKD

2020 RSD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the RSD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 27, valuing the pair at 0.5367. Conversely, the yearly low was recorded on March 19, dropping to 0.5148.

This high-to-low spread represents a total annual volatility of 0.0218 MKD. From a start-to-finish perspective, comparing the January average rate of 0.5231 to the December average rate of 0.5241, the exchange rate registered a net change of 0.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.5367 was up 1.88% compared to the 2019 peak of 0.5268, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,683 MKD

2019 Average 2,611 MKD

Yearly Trough Low 2,574 MKD

Transaction Impact: A difference of 109.18 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.5246

0.5230

JanuMarcMayJulySeptNove

RSD 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 0.5241, compared to 0.5241 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.5241

H2 Avg (Jul–Dec) 0.5241

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0218 MKD (High: 0.5367 / Low: 0.5148). On the other end, September was the most stable month, with a tight range of 0.0027 MKD (High: 0.5251 / Low: 0.5224).

March Spread (Volatile) ±0.0218

September Spread (Stable) ±0.0027

Growth Streaks & Declines

Trends

Between September and November, 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 0.0003 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.5241) against the same month in 2019 (average: 0.5211), the exchange rate shifted by +0.0030 (+0.58%).

2020 Avg (March) 0.5241

2019 Avg (March) 0.5211

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5246	0.5210	0.5231
February	0.5260	0.5231	0.5242
March	0.5367	0.5148	0.5241
April	0.5281	0.5203	0.5244
May	0.5281	0.5228	0.5243
June	0.5306	0.5211	0.5244
July	0.5293	0.5214	0.5242
August	0.5278	0.5213	0.5241
September	0.5251	0.5224	0.5239
October	0.5250	0.5204	0.5240
November	0.5261	0.5220	0.5244
December	0.5287	0.5214	0.5241