YEARLY HIGH
0.1130 BRL
YEARLY LOW
0.0953 BRL
YEARLY AVERAGE
0.1036 BRL

2021 MKD to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 0.1130. Conversely, the yearly low was recorded on June 24, dropping to 0.0953.

This high-to-low spread represents a total annual volatility of 0.0177 BRL. From a start-to-finish perspective, comparing the January average rate of 0.1058 to the December average rate of 0.1038, the exchange rate registered a net change of -1.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.1130 was up 2.46% compared to the 2020 peak of 0.1103, 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 565 BRL
2020 Average 478 BRL
Yearly Trough Low 476 BRL
Transaction Impact: A difference of 88.61 BRL purely based on transaction execution date.

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0.1099
0.0974
JanuMarcMayJulySeptNove

MKD to BRL 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 0.1054, compared to 0.1019 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0035 points.

H1 Avg (Jan–Jun) 0.1054
H2 Avg (Jul–Dec) 0.1019

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 0.0070 BRL (High: 0.1130 / Low: 0.1060). On the other end, December was the most stable month, with a tight range of 0.0034 BRL (High: 0.1052 / Low: 0.1018).

March Spread (Volatile) Âą0.0070
December Spread (Stable) Âą0.0034

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0061 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0061

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 0.1089) against the same month in 2020 (average: 0.0877), the exchange rate shifted by +0.0212 (+24.19%).

2021 Avg (March) 0.1089
2020 Avg (March) 0.0877

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Month High Low Average
January 0.1082 0.1024 0.1058
February 0.1107 0.1043 0.1063
March 0.1130 0.1060 0.1089
April 0.1109 0.1052 0.1083
May 0.1068 0.1027 0.1045
June 0.1022 0.0953 0.0984
July 0.1014 0.0973 0.0992
August 0.1028 0.0987 0.1003
September 0.1030 0.0995 0.1009
October 0.1071 0.1008 0.1042
November 0.1069 0.1006 0.1029
December 0.1052 0.1018 0.1038