YEARLY HIGH
0.1379 BOB
YEARLY LOW
0.1254 BOB
YEARLY AVERAGE
0.1326 BOB

2021 MKD to BOB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to BOB exchange rate experienced significant fluctuation. The market reached its absolute peak on June 7, valuing the pair at 0.1379. Conversely, the yearly low was recorded on November 24, dropping to 0.1254.

This high-to-low spread represents a total annual volatility of 0.0125 BOB. From a start-to-finish perspective, comparing the January average rate of 0.1361 to the December average rate of 0.1266, the exchange rate registered a net change of -6.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.1379 was up 0.48% compared to the 2020 peak of 0.1372, 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 690 BOB
2020 Average 639 BOB
Yearly Trough Low 627 BOB
Transaction Impact: A difference of 62.66 BOB purely based on transaction execution date.

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0.1370
0.1257
JanuMarcMayJulySeptNove

MKD to BOB 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 0.1351, compared to 0.1301 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0049 points.

H1 Avg (Jan–Jun) 0.1351
H2 Avg (Jul–Dec) 0.1301

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0047 BOB (High: 0.1301 / Low: 0.1254). On the other end, December was the most stable month, with a tight range of 0.0011 BOB (High: 0.1272 / Low: 0.1261).

November Spread (Volatile) Âą0.0047
December Spread (Stable) Âą0.0011

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 June and July, when the average rate fell by 0.0028 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2021: 0.1353) against the same month in 2020 (average: 0.1261), the exchange rate shifted by +0.0092 (+7.28%).

2021 Avg (June) 0.1353
2020 Avg (June) 0.1261

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Month High Low Average
January 0.1376 0.1348 0.1361
February 0.1365 0.1341 0.1356
March 0.1355 0.1314 0.1333
April 0.1363 0.1317 0.1340
May 0.1374 0.1344 0.1361
June 0.1379 0.1332 0.1353
July 0.1335 0.1316 0.1325
August 0.1336 0.1310 0.1318
September 0.1331 0.1298 0.1320
October 0.1309 0.1293 0.1300
November 0.1301 0.1254 0.1277
December 0.1272 0.1261 0.1266