YEARLY HIGH
0.0264 BND
YEARLY LOW
0.0248 BND
YEARLY AVERAGE
0.0258 BND

2021 MKD to BND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to BND exchange rate experienced significant fluctuation. The market reached its absolute peak on May 20, valuing the pair at 0.0264. Conversely, the yearly low was recorded on December 31, dropping to 0.0248.

This high-to-low spread represents a total annual volatility of 0.0016 BND. From a start-to-finish perspective, comparing the January average rate of 0.0262 to the December average rate of 0.0250, the exchange rate registered a net change of -4.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0264 was down 0.46% compared to the 2020 peak of 0.0266, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 132 BND
2020 Average 128 BND
Yearly Trough Low 124 BND
Transaction Impact: A difference of 8.24 BND purely based on transaction execution date.

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0.0263
0.0249
JanuMarcMayJulySeptNove

MKD to BND 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 0.0261, compared to 0.0255 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0261
H2 Avg (Jul–Dec) 0.0255

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 0.0006 BND (High: 0.0262 / Low: 0.0256). On the other end, February was the most stable month, with a tight range of 0.0002 BND (High: 0.0261 / Low: 0.0259).

March Spread (Volatile) Âą0.0006
February Spread (Stable) Âą0.0002

Growth Streaks & Declines

Trends

Between March and May, 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 September and October, when the average rate fell by 0.0003 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 0.0262) against the same month in 2020 (average: 0.0251), the exchange rate shifted by +0.0011 (+4.52%).

2021 Avg (May) 0.0262
2020 Avg (May) 0.0251

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Month High Low Average
January 0.0264 0.0260 0.0262
February 0.0261 0.0259 0.0260
March 0.0262 0.0256 0.0259
April 0.0261 0.0256 0.0259
May 0.0264 0.0260 0.0262
June 0.0262 0.0259 0.0261
July 0.0262 0.0258 0.0260
August 0.0262 0.0258 0.0259
September 0.0259 0.0256 0.0258
October 0.0256 0.0253 0.0254
November 0.0254 0.0248 0.0251
December 0.0251 0.0248 0.0250