YEARLY HIGH
0.0364 MKD
YEARLY LOW
0.0329 MKD
YEARLY AVERAGE
0.0343 MKD

2021 LBP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the LBP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 25, valuing the pair at 0.0364. Conversely, the yearly low was recorded on January 8, dropping to 0.0329.

This high-to-low spread represents a total annual volatility of 0.0035 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0334 to the December average rate of 0.0359, the exchange rate registered a net change of 7.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0364 was down 43.56% compared to the 2020 peak of 0.0644, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 182 MKD
2020 Average 179 MKD
Yearly Trough Low 165 MKD
Transaction Impact: A difference of 17.26 MKD purely based on transaction execution date.

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0.0361
0.0331
JanuMarcMayJulySeptNove

LBP 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 0.0337, compared to 0.0349 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0337
H2 Avg (Jul–Dec) 0.0349

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0016 MKD (High: 0.0364 / Low: 0.0347). On the other end, December was the most stable month, with a tight range of 0.0007 MKD (High: 0.0362 / Low: 0.0355).

November Spread (Volatile) Âą0.0016
December Spread (Stable) Âą0.0007

Growth Streaks & Declines

Trends

Between May and August, 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 April and May, when the average rate fell by 0.0006 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 0.0354) against the same month in 2020 (average: 0.0344), the exchange rate shifted by +0.0011 (+3.12%).

2021 Avg (November) 0.0354
2020 Avg (November) 0.0344

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Month High Low Average
January 0.0337 0.0329 0.0334
February 0.0340 0.0334 0.0336
March 0.0347 0.0334 0.0341
April 0.0347 0.0333 0.0340
May 0.0337 0.0330 0.0333
June 0.0343 0.0329 0.0336
July 0.0346 0.0339 0.0343
August 0.0349 0.0342 0.0346
September 0.0350 0.0341 0.0344
October 0.0353 0.0345 0.0349
November 0.0364 0.0347 0.0354
December 0.0362 0.0355 0.0359