YEARLY HIGH
0.0258 CAD
YEARLY LOW
0.0232 CAD
YEARLY AVERAGE
0.0248 CAD

2020 MKD to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MKD to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.0258. Conversely, the yearly low was recorded on February 19, dropping to 0.0232.

This high-to-low spread represents a total annual volatility of 0.0026 CAD. From a start-to-finish perspective, comparing the January average rate of 0.0236 to the December average rate of 0.0253, the exchange rate registered a net change of 7.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0258 was up 1.83% compared to the 2019 peak of 0.0254, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 129 CAD
2019 Average 121 CAD
Yearly Trough Low 116 CAD
Transaction Impact: A difference of 13.11 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0256
0.0233
JanuMarcMayJulySeptNove

MKD to CAD 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 0.0244, compared to 0.0252 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.0244
H2 Avg (Jul–Dec) 0.0252

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0019 CAD (High: 0.0258 / Low: 0.0239). On the other end, January was the most stable month, with a tight range of 0.0003 CAD (High: 0.0237 / Low: 0.0235).

March Spread (Volatile) ±0.0019
January Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between June and August, 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 March and April, when the average rate fell by 0.0002 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0250) against the same month in 2019 (average: 0.0246), the exchange rate shifted by +0.0004 (+1.80%).

2020 Avg (March) 0.0250
2019 Avg (March) 0.0246

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0237 0.0235 0.0236
February 0.0239 0.0232 0.0235
March 0.0258 0.0239 0.0250
April 0.0251 0.0245 0.0248
May 0.0251 0.0245 0.0248
June 0.0250 0.0244 0.0247
July 0.0258 0.0247 0.0251
August 0.0258 0.0251 0.0254
September 0.0255 0.0251 0.0253
October 0.0254 0.0250 0.0252
November 0.0253 0.0249 0.0251
December 0.0255 0.0250 0.0253