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2021 MKD to CLP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the MKD to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 15.9707. Conversely, the yearly low was recorded on April 15, dropping to 13.5669.
This high-to-low spread represents a total annual volatility of 2.4038 CLP. From a start-to-finish perspective, comparing the January average rate of 14.2886 to the December average rate of 15.5927, the exchange rate registered a net change of 9.13% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 15.9707 was up 2.60% compared to the 2020 peak of 15.5666, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
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MKD to CLP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: JanâJun) was 14.0894, compared to 15.0686 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 0.9791 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was May, with a trading range of 0.9683 CLP (High: 14.6087 / Low: 13.6403). On the other end, April was the most stable month, with a tight range of 0.4396 CLP (High: 14.0065 / Low: 13.5669).
Growth Streaks & Declines
TrendsBetween April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.2561 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2021: 15.5927) against the same month in 2020 (average: 14.4259), the exchange rate shifted by +1.1668 (+8.09%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 14.5570 | 13.8890 | 14.2886 |
| February | 14.4451 | 13.8394 | 14.1734 |
| March | 14.2974 | 13.7141 | 14.0127 |
| April | 14.0065 | 13.5669 | 13.7594 |
| May | 14.6087 | 13.6403 | 14.0439 |
| June | 14.5073 | 14.0528 | 14.2587 |
| July | 14.7271 | 14.1591 | 14.4463 |
| August | 15.1026 | 14.6363 | 14.9171 |
| September | 15.3165 | 14.7806 | 15.0226 |
| October | 15.5467 | 15.0906 | 15.3444 |
| November | 15.4634 | 14.7241 | 15.0883 |
| December | 15.9707 | 15.3587 | 15.5927 |