2020 TWD to MKD Historical Review

YEARLY HIGH

1.9076 MKD

YEARLY LOW

1.7574 MKD

YEARLY AVERAGE

1.8357 MKD

2020 TWD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TWD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 14, valuing the pair at 1.9076. Conversely, the yearly low was recorded on August 18, dropping to 1.7574.

This high-to-low spread represents a total annual volatility of 0.1501 MKD. From a start-to-finish perspective, comparing the January average rate of 1.8455 to the December average rate of 1.7964, the exchange rate registered a net change of -2.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 1.9076 was up 3.43% compared to the 2019 peak of 1.8444, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,538 MKD

2019 Average 8,899 MKD

Yearly Trough Low 8,787 MKD

Transaction Impact: A difference of 750.69 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1.8985

1.7635

JanuMarcMayJulySeptNove

TWD 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 1.8650, compared to 1.8064 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0587 points.

H1 Avg (Jan–Jun) 1.8650

H2 Avg (Jul–Dec) 1.8064

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.1080 MKD (High: 1.9053 / Low: 1.7972). On the other end, December was the most stable month, with a tight range of 0.0235 MKD (High: 1.8074 / Low: 1.7840).

March Spread (Volatile) ±0.1080

December Spread (Stable) ±0.0235

Growth Streaks & Declines

Trends

Between March and May, 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 0.0543 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0543

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2020: 1.8872) against the same month in 2019 (average: 1.7635), the exchange rate shifted by +0.1237 (+7.01%).

2020 Avg (May) 1.8872

2019 Avg (May) 1.7635

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8589	1.8268	1.8455
February	1.8975	1.8359	1.8714
March	1.9053	1.7972	1.8512
April	1.9049	1.8636	1.8867
May	1.9076	1.8481	1.8872
June	1.8651	1.8291	1.8482
July	1.8629	1.7742	1.8290
August	1.7898	1.7574	1.7747
September	1.8169	1.7636	1.7895
October	1.8465	1.8110	1.8246
November	1.8522	1.8100	1.8239
December	1.8074	1.7840	1.7964