2020 SGD to MKD Historical Review

YEARLY HIGH

41.2299 MKD

YEARLY LOW

37.7656 MKD

YEARLY AVERAGE

39.1868 MKD

2020 SGD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the SGD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 20, valuing the pair at 41.2299. Conversely, the yearly low was recorded on December 21, dropping to 37.7656.

This high-to-low spread represents a total annual volatility of 3.4643 MKD. From a start-to-finish perspective, comparing the January average rate of 41.0011 to the December average rate of 38.0091, the exchange rate registered a net change of -7.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 41.2299 was up 0.31% compared to the 2019 peak of 41.1046, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 206,150 MKD

2019 Average 201,464 MKD

Yearly Trough Low 188,828 MKD

Transaction Impact: A difference of 17,321.62 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

41.3003

37.7099

JanuMarcMayJulySeptNove

SGD 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 39.9967, compared to 38.3770 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.6197 points.

H1 Avg (Jan–Jun) 39.9967

H2 Avg (Jul–Dec) 38.3770

Volatility Range Comparison

Volatility

The most volatile month in 2020 was July, with a trading range of 1.5194 MKD (High: 39.3631 / Low: 37.8438). On the other end, November was the most stable month, with a tight range of 0.2651 MKD (High: 38.7875 / Low: 38.5224).

July Spread (Volatile) ±1.5194

November Spread (Stable) ±0.2651

Growth Streaks & Declines

Trends

Between August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 1.2907 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.2907

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 41.0011) against the same month in 2019 (average: 39.7964), the exchange rate shifted by +1.2046 (+3.03%).

2020 Avg (January) 41.0011

2019 Avg (January) 39.7964

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	41.2299	40.7043	41.0011
February	40.9794	40.2809	40.6383
March	40.1993	38.7263	39.3476
April	40.1929	39.2645	39.8574
May	40.2460	39.1650	39.8331
June	39.5275	39.1250	39.3028
July	39.3631	37.8438	38.7832
August	38.3856	37.8381	38.0597
September	38.5276	37.9756	38.2475
October	38.7558	38.3039	38.5126
November	38.7875	38.5224	38.6497
December	38.4980	37.7656	38.0091