2020 RWF to MKD Historical Review

YEARLY HIGH

0.0611 MKD

YEARLY LOW

0.0507 MKD

YEARLY AVERAGE

0.0565 MKD

2020 RWF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the RWF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 6, valuing the pair at 0.0611. Conversely, the yearly low was recorded on December 31, dropping to 0.0507.

This high-to-low spread represents a total annual volatility of 0.0105 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0587 to the December average rate of 0.0513, the exchange rate registered a net change of -12.67% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0611 was down 1.79% compared to the 2019 peak of 0.0623, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 306 MKD

2019 Average 302 MKD

Yearly Trough Low 253 MKD

Transaction Impact: A difference of 52.43 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0610

0.0504

JanuMarcMayJulySeptNove

RWF 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 0.0593, compared to 0.0538 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0055 points.

H1 Avg (Jan–Jun) 0.0593

H2 Avg (Jul–Dec) 0.0538

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0041 MKD (High: 0.0609 / Low: 0.0568). On the other end, December was the most stable month, with a tight range of 0.0014 MKD (High: 0.0521 / Low: 0.0507).

March Spread (Volatile) ±0.0041

December Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

No 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 0.0024 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0024

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2020: 0.0601) against the same month in 2019 (average: 0.0608), the exchange rate shifted by -0.0007 (-1.09%).

2020 Avg (May) 0.0601

2019 Avg (May) 0.0608

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0597	0.0575	0.0587
February	0.0611	0.0587	0.0600
March	0.0609	0.0568	0.0590
April	0.0609	0.0593	0.0601
May	0.0611	0.0585	0.0601
June	0.0589	0.0569	0.0577
July	0.0579	0.0546	0.0564
August	0.0549	0.0534	0.0542
September	0.0554	0.0535	0.0543
October	0.0551	0.0532	0.0538
November	0.0542	0.0522	0.0529
December	0.0521	0.0507	0.0513