2021 BGN to MKD Historical Review

YEARLY HIGH

31.7182 MKD

YEARLY LOW

31.2250 MKD

YEARLY AVERAGE

31.4963 MKD

2021 BGN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the BGN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 7, valuing the pair at 31.7182. Conversely, the yearly low was recorded on June 16, dropping to 31.2250.

This high-to-low spread represents a total annual volatility of 0.4931 MKD. From a start-to-finish perspective, comparing the January average rate of 31.5123 to the December average rate of 31.4827, the exchange rate registered a net change of -0.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 31.7182 was down 1.36% compared to the 2020 peak of 32.1552, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 158,591 MKD

2020 Average 157,540 MKD

Yearly Trough Low 156,125 MKD

Transaction Impact: A difference of 2,465.67 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

31.5289

31.4602

JanuMarcMayJulySeptNove

BGN 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 31.4989, compared to 31.4937 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0052 points.

H1 Avg (Jan–Jun) 31.4989

H2 Avg (Jul–Dec) 31.4937

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.4029 MKD (High: 31.7182 / Low: 31.3153). On the other end, January was the most stable month, with a tight range of 0.1300 MKD (High: 31.5553 / Low: 31.4253).

May Spread (Volatile) ±0.4029

January Spread (Stable) ±0.1300

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 May and June, when the average rate fell by 0.0242 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0242

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 31.4902) against the same month in 2020 (average: 31.5178), the exchange rate shifted by -0.0276 (-0.09%).

2021 Avg (May) 31.4902

2020 Avg (May) 31.5178

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.5553	31.4253	31.5123
February	31.6788	31.3466	31.5232
March	31.5796	31.4386	31.5075
April	31.6913	31.3257	31.4941
May	31.7182	31.3153	31.4902
June	31.6159	31.2250	31.4659
July	31.5439	31.3619	31.4935
August	31.6341	31.3451	31.5059
September	31.5855	31.4214	31.4885
October	31.5585	31.2522	31.4853
November	31.6344	31.3396	31.5061
December	31.6155	31.2783	31.4827