2020 ZAR to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 ZAR to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the ZAR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 3.9143. Conversely, the yearly low was recorded on August 7, dropping to 2.9554.
This high-to-low spread represents a total annual volatility of 0.9589 MKD. From a start-to-finish perspective, comparing the January average rate of 3.8451 to the December average rate of 3.4055, the exchange rate registered a net change of -11.43% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 3.9143 was down 3.50% compared to the 2019 peak of 4.0561, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 ZAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
ZAR 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 3.3836, compared to 3.2182 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1654 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 0.5294 MKD (High: 3.6254 / Low: 3.0959). On the other end, October was the most stable month, with a tight range of 0.1043 MKD (High: 3.2447 / Low: 3.1404).
Growth Streaks & Declines
TrendsBetween August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.4060 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2020: 3.8451) against the same month in 2019 (average: 3.9027), the exchange rate shifted by -0.0576 (-1.48%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.9143 | 3.7144 | 3.8451 |
| February | 3.8135 | 3.5818 | 3.7509 |
| March | 3.6254 | 3.0959 | 3.3450 |
| April | 3.1435 | 2.9672 | 3.0476 |
| May | 3.2291 | 2.9752 | 3.1128 |
| June | 3.2807 | 3.1417 | 3.2001 |
| July | 3.2557 | 3.0481 | 3.2101 |
| August | 3.1461 | 2.9554 | 3.0271 |
| September | 3.2175 | 3.0803 | 3.1259 |
| October | 3.2447 | 3.1404 | 3.1864 |
| November | 3.4168 | 3.2425 | 3.3543 |
| December | 3.4693 | 3.3266 | 3.4055 |