YEARLY HIGH
0.6806 MKD
YEARLY LOW
0.4626 MKD
YEARLY AVERAGE
0.6284 MKD

2021 AFN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the AFN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 30, valuing the pair at 0.6806. Conversely, the yearly low was recorded on December 15, dropping to 0.4626.

This high-to-low spread represents a total annual volatility of 0.2180 MKD. From a start-to-finish perspective, comparing the January average rate of 0.6549 to the December average rate of 0.5360, the exchange rate registered a net change of -18.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.6806 was down 10.03% compared to the 2020 peak of 0.7565, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,403 MKD
2020 Average 3,518 MKD
Yearly Trough Low 2,313 MKD
Transaction Impact: A difference of 1,090.25 MKD purely based on transaction execution date.

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0.6821
0.5227
JanuMarcMayJulySeptNove

AFN 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 0.6579, compared to 0.5988 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0591 points.

H1 Avg (Jan–Jun) 0.6579
H2 Avg (Jul–Dec) 0.5988

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.1048 MKD (High: 0.5674 / Low: 0.4626). On the other end, October was the most stable month, with a tight range of 0.0146 MKD (High: 0.5957 / Low: 0.5812).

December Spread (Volatile) Âą0.1048
October Spread (Stable) Âą0.0146

Growth Streaks & Declines

Trends

Between January and March, 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 November and December, when the average rate fell by 0.0466 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0466

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 0.6688) against the same month in 2020 (average: 0.7314), the exchange rate shifted by -0.0626 (-8.55%).

2021 Avg (March) 0.6688
2020 Avg (March) 0.7314

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Month High Low Average
January 0.6614 0.6468 0.6549
February 0.6665 0.6457 0.6592
March 0.6806 0.6579 0.6688
April 0.6786 0.6520 0.6630
May 0.6606 0.6383 0.6519
June 0.6585 0.6426 0.6499
July 0.6589 0.6343 0.6512
August 0.6579 0.6055 0.6305
September 0.6152 0.5850 0.6032
October 0.5957 0.5812 0.5894
November 0.5927 0.5648 0.5826
December 0.5674 0.4626 0.5360