2020 SRD to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 SRD to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the SRD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 22, valuing the pair at 7.7082. Conversely, the yearly low was recorded on December 30, dropping to 3.5395.
This high-to-low spread represents a total annual volatility of 4.1687 MKD. From a start-to-finish perspective, comparing the January average rate of 7.4266 to the December average rate of 3.5772, the exchange rate registered a net change of -51.83% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 7.7082 was up 1.86% compared to the 2019 peak of 7.5671, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SRD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
SRD to MKD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 7.5000, compared to 5.1938 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.3062 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was September, with a trading range of 3.3122 MKD (High: 7.0191 / Low: 3.7069). On the other end, October was the most stable month, with a tight range of 0.0548 MKD (High: 3.7249 / Low: 3.6701).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 2.3036 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2020: 7.4736) against the same month in 2019 (average: 7.2971), the exchange rate shifted by +0.1765 (+2.42%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.4916 | 7.3528 | 7.4266 |
| February | 7.6572 | 7.4740 | 7.5699 |
| March | 7.7082 | 7.2294 | 7.4736 |
| April | 7.6666 | 7.5212 | 7.6081 |
| May | 7.6532 | 7.4241 | 7.5764 |
| June | 7.4216 | 7.2692 | 7.3454 |
| July | 7.3570 | 6.9761 | 7.2168 |
| August | 7.0369 | 6.9198 | 6.9875 |
| September | 7.0191 | 3.7069 | 6.0035 |
| October | 3.7249 | 3.6701 | 3.6999 |
| November | 3.7397 | 3.6488 | 3.6777 |
| December | 3.6376 | 3.5395 | 3.5772 |