YEARLY HIGH
0.8305 MUR
YEARLY LOW
0.7674 MUR
YEARLY AVERAGE
0.7983 MUR

2021 MKD to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 29, valuing the pair at 0.8305. Conversely, the yearly low was recorded on March 30, dropping to 0.7674.

This high-to-low spread represents a total annual volatility of 0.0631 MUR. From a start-to-finish perspective, comparing the January average rate of 0.7804 to the December average rate of 0.7993, the exchange rate registered a net change of 2.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.8305 was up 4.99% compared to the 2020 peak of 0.7910, 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 4,152 MUR
2020 Average 3,635 MUR
Yearly Trough Low 3,837 MUR
Transaction Impact: A difference of 315.26 MUR purely based on transaction execution date.

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0.8264
0.7705
JanuMarcMayJulySeptNove

MKD to MUR 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 0.7869, compared to 0.8096 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0227 points.

H1 Avg (Jan–Jun) 0.7869
H2 Avg (Jul–Dec) 0.8096

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 0.0376 MUR (High: 0.8284 / Low: 0.7908). On the other end, January was the most stable month, with a tight range of 0.0140 MUR (High: 0.7873 / Low: 0.7734).

June Spread (Volatile) Âą0.0376
January Spread (Stable) Âą0.0140

Growth Streaks & Declines

Trends

Between March and July, 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 July and August, when the average rate fell by 0.0072 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0072

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2021: 0.8217) against the same month in 2020 (average: 0.7426), the exchange rate shifted by +0.0791 (+10.65%).

2021 Avg (July) 0.8217
2020 Avg (July) 0.7426

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Month High Low Average
January 0.7873 0.7734 0.7804
February 0.7885 0.7708 0.7801
March 0.7834 0.7674 0.7751
April 0.8002 0.7704 0.7850
May 0.8196 0.7868 0.7995
June 0.8284 0.7908 0.8013
July 0.8305 0.8127 0.8217
August 0.8262 0.8035 0.8146
September 0.8256 0.8016 0.8136
October 0.8180 0.7970 0.8066
November 0.8173 0.7868 0.8018
December 0.8107 0.7855 0.7993