YEARLY HIGH
59.7280 MKD
YEARLY LOW
55.3693 MKD
YEARLY AVERAGE
56.9876 MKD

2021 CHF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the CHF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 59.7280. Conversely, the yearly low was recorded on March 4, dropping to 55.3693.

This high-to-low spread represents a total annual volatility of 4.3587 MKD. From a start-to-finish perspective, comparing the January average rate of 57.0718 to the December average rate of 59.2113, the exchange rate registered a net change of 3.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 59.7280 was up 0.45% compared to the 2020 peak of 59.4609, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 298,640 MKD
2020 Average 287,932 MKD
Yearly Trough Low 276,847 MKD
Transaction Impact: A difference of 21,793.34 MKD purely based on transaction execution date.

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59.5654
55.3164
JanuMarcMayJulySeptNove

CHF 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 56.3007, compared to 57.6744 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3737 points.

H1 Avg (Jan–Jun) 56.3007
H2 Avg (Jul–Dec) 57.6744

Volatility Range Comparison

Volatility

The most volatile month in 2021 was February, with a trading range of 1.5816 MKD (High: 57.2727 / Low: 55.6911). On the other end, April was the most stable month, with a tight range of 0.5596 MKD (High: 56.0760 / Low: 55.5164).

February Spread (Volatile) Âą1.5816
April Spread (Stable) Âą0.5596

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 1.0828 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -1.0828

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 59.2113) against the same month in 2020 (average: 56.9983), the exchange rate shifted by +2.2130 (+3.88%).

2021 Avg (December) 59.2113
2020 Avg (December) 56.9983

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Month High Low Average
January 57.3161 56.6740 57.0718
February 57.2727 55.6911 56.7533
March 55.9670 55.3693 55.6705
April 56.0760 55.5164 55.8372
May 56.5962 55.7419 56.1878
June 56.5789 55.9035 56.2836
July 57.3024 56.0562 56.7806
August 57.5514 56.8566 57.2595
September 57.0469 56.1228 56.6627
October 57.8482 57.2101 57.5361
November 59.1821 58.1117 58.5964
December 59.7280 58.8266 59.2113