2021 ARS to MKD Historical Review

YEARLY HIGH

0.5983 MKD

YEARLY LOW

0.5291 MKD

YEARLY AVERAGE

0.5490 MKD

2021 ARS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ARS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.5983. Conversely, the yearly low was recorded on December 29, dropping to 0.5291.

This high-to-low spread represents a total annual volatility of 0.0692 MKD. From a start-to-finish perspective, comparing the January average rate of 0.5895 to the December average rate of 0.5351, the exchange rate registered a net change of -9.24% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.5983 was down 35.71% compared to the 2020 peak of 0.9306, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,991 MKD

2020 Average 3,882 MKD

Yearly Trough Low 2,646 MKD

Transaction Impact: A difference of 345.81 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.5953

0.5266

JanuMarcMayJulySeptNove

ARS 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 0.5610, compared to 0.5370 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0240 points.

H1 Avg (Jan–Jun) 0.5610

H2 Avg (Jul–Dec) 0.5370

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0313 MKD (High: 0.5740 / Low: 0.5427). On the other end, September was the most stable month, with a tight range of 0.0097 MKD (High: 0.5388 / Low: 0.5291).

April Spread (Volatile) ±0.0313

September Spread (Stable) ±0.0097

Growth Streaks & Declines

Trends

Between September and November, 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 April and May, when the average rate fell by 0.0167 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0167

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 0.5895) against the same month in 2020 (average: 0.9243), the exchange rate shifted by -0.3348 (-36.22%).

2021 Avg (January) 0.5895

2020 Avg (January) 0.9243

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5983	0.5824	0.5895
February	0.5858	0.5630	0.5747
March	0.5747	0.5640	0.5691
April	0.5740	0.5427	0.5561
May	0.5478	0.5326	0.5394
June	0.5426	0.5316	0.5371
July	0.5446	0.5346	0.5415
August	0.5428	0.5330	0.5389
September	0.5388	0.5291	0.5323
October	0.5399	0.5292	0.5355
November	0.5469	0.5311	0.5385
December	0.5396	0.5291	0.5351