2020 TND to MKD Historical Review

YEARLY HIGH

20.0273 MKD

YEARLY LOW

18.5429 MKD

YEARLY AVERAGE

19.2664 MKD

2020 TND to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TND to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 20.0273. Conversely, the yearly low was recorded on August 17, dropping to 18.5429.

This high-to-low spread represents a total annual volatility of 1.4844 MKD. From a start-to-finish perspective, comparing the January average rate of 19.6922 to the December average rate of 18.7436, the exchange rate registered a net change of -4.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 20.0273 was up 1.35% compared to the 2019 peak of 19.7610, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 100,136 MKD

2019 Average 94,046 MKD

Yearly Trough Low 92,714 MKD

Transaction Impact: A difference of 7,422.01 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

19.9704

18.6320

JanuMarcMayJulySeptNove

TND 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 19.5590, compared to 18.9738 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5852 points.

H1 Avg (Jan–Jun) 19.5590

H2 Avg (Jul–Dec) 18.9738

Volatility Range Comparison

Volatility

The most volatile month in 2020 was August, with a trading range of 0.6442 MKD (High: 19.1870 / Low: 18.5429). On the other end, September was the most stable month, with a tight range of 0.2079 MKD (High: 19.1258 / Low: 18.9179).

August Spread (Volatile) ±0.6442

September Spread (Stable) ±0.2079

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 February and March, when the average rate fell by 0.3648 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.3648

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2020: 19.8589) against the same month in 2019 (average: 18.0173), the exchange rate shifted by +1.8416 (+10.22%).

2020 Avg (February) 19.8589

2019 Avg (February) 18.0173

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.7970	19.5657	19.6922
February	20.0273	19.6956	19.8589
March	19.7367	19.2732	19.4941
April	19.6859	19.3508	19.5787
May	19.6649	19.2689	19.5044
June	19.4961	19.1378	19.2256
July	19.2196	18.8814	19.1108
August	19.1870	18.5429	19.0468
September	19.1258	18.9179	18.9910
October	19.1117	18.8914	19.0013
November	19.1159	18.8637	18.9493
December	18.8803	18.6251	18.7436