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.

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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) Âą0.4029
January Spread (Stable) Âą0.1300

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

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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