YEARLY HIGH
10.4968 MKD
YEARLY LOW
8.8504 MKD
YEARLY AVERAGE
9.6622 MKD

2021 BRL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the BRL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 24, valuing the pair at 10.4968. Conversely, the yearly low was recorded on March 8, dropping to 8.8504.

This high-to-low spread represents a total annual volatility of 1.6464 MKD. From a start-to-finish perspective, comparing the January average rate of 9.4537 to the December average rate of 9.6366, the exchange rate registered a net change of 1.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 10.4968 was down 23.21% compared to the 2020 peak of 13.6693, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 BRL based on timing:

Yearly Peak High 262,421 MKD
2020 Average 264,941 MKD
Yearly Trough Low 221,260 MKD
Transaction Impact: A difference of 41,160.86 MKD purely based on transaction execution date.

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10.2635
9.0904
JanuMarcMayJulySeptNove

BRL 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 9.5039, compared to 9.8205 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3166 points.

H1 Avg (Jan–Jun) 9.5039
H2 Avg (Jul–Dec) 9.8205

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 0.7105 MKD (High: 10.4968 / Low: 9.7864). On the other end, December was the most stable month, with a tight range of 0.3136 MKD (High: 9.8199 / Low: 9.5063).

June Spread (Volatile) Âą0.7105
December Spread (Stable) Âą0.3136

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.3170 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.3170

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2021: 10.1658) against the same month in 2020 (average: 10.5599), the exchange rate shifted by -0.3942 (-3.73%).

2021 Avg (June) 10.1658
2020 Avg (June) 10.5599

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Month High Low Average
January 9.7648 9.2445 9.4537
February 9.5861 9.0344 9.4110
March 9.4380 8.8504 9.1881
April 9.5044 9.0175 9.2346
May 9.7379 9.3598 9.5703
June 10.4968 9.7864 10.1658
July 10.2814 9.8638 10.0872
August 10.1300 9.7268 9.9663
September 10.0468 9.7129 9.9135
October 9.9196 9.3414 9.5965
November 9.9409 9.3514 9.7229
December 9.8199 9.5063 9.6366