2020 SAR to MKD Historical Review

YEARLY HIGH

15.3126 MKD

YEARLY LOW

13.3532 MKD

YEARLY AVERAGE

14.4086 MKD

2020 SAR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the SAR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 22, valuing the pair at 15.3126. Conversely, the yearly low was recorded on December 30, dropping to 13.3532.

This high-to-low spread represents a total annual volatility of 1.9595 MKD. From a start-to-finish perspective, comparing the January average rate of 14.7640 to the December average rate of 13.4960, the exchange rate registered a net change of -8.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 15.3126 was up 1.78% compared to the 2019 peak of 15.0448, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 76,563 MKD

2019 Average 73,272 MKD

Yearly Trough Low 66,766 MKD

Transaction Impact: A difference of 9,797.33 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

15.2497

13.3366

JanuMarcMayJulySeptNove

SAR 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 14.8979, compared to 13.9193 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9786 points.

H1 Avg (Jan–Jun) 14.8979

H2 Avg (Jul–Dec) 13.9193

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.9483 MKD (High: 15.3126 / Low: 14.3644). On the other end, October was the most stable month, with a tight range of 0.2075 MKD (High: 14.0584 / Low: 13.8509).

March Spread (Volatile) ±0.9483

October Spread (Stable) ±0.2075

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 July and August, when the average rate fell by 0.4541 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4541

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 14.8440) against the same month in 2019 (average: 14.5103), the exchange rate shifted by +0.3336 (+2.30%).

2020 Avg (March) 14.8440

2019 Avg (March) 14.5103

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.8917	14.6178	14.7640
February	15.2255	14.8572	15.0497
March	15.3126	14.3644	14.8440
April	15.2003	14.9204	15.0902
May	15.1969	14.7412	15.0408
June	14.7452	14.4474	14.5985
July	14.6273	13.8719	14.3493
August	13.9940	13.7606	13.8951
September	14.1180	13.7849	13.9342
October	14.0584	13.8509	13.9616
November	14.1138	13.7695	13.8793
December	13.7272	13.3532	13.4960