YEARLY HIGH
0.0764 PLN
YEARLY LOW
0.0721 PLN
YEARLY AVERAGE
0.0741 PLN

2021 MKD to PLN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to PLN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 19, valuing the pair at 0.0764. Conversely, the yearly low was recorded on June 6, dropping to 0.0721.

This high-to-low spread represents a total annual volatility of 0.0043 PLN. From a start-to-finish perspective, comparing the January average rate of 0.0736 to the December average rate of 0.0749, the exchange rate registered a net change of 1.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0764 was up 1.09% compared to the 2020 peak of 0.0756, 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 382 PLN
2020 Average 361 PLN
Yearly Trough Low 360 PLN
Transaction Impact: A difference of 21.60 PLN purely based on transaction execution date.

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0.0757
0.0727
JanuMarcMayJulySeptNove

MKD to PLN 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 0.0736, compared to 0.0746 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0736
H2 Avg (Jul–Dec) 0.0746

Volatility Range Comparison

Volatility

The most volatile month in 2021 was September, with a trading range of 0.0024 PLN (High: 0.0755 / Low: 0.0731). On the other end, August was the most stable month, with a tight range of 0.0010 PLN (High: 0.0745 / Low: 0.0735).

September Spread (Volatile) Âą0.0024
August Spread (Stable) Âą0.0010

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0007 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 0.0755) against the same month in 2020 (average: 0.0729), the exchange rate shifted by +0.0026 (+3.56%).

2021 Avg (November) 0.0755
2020 Avg (November) 0.0729

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Month High Low Average
January 0.0744 0.0732 0.0736
February 0.0740 0.0723 0.0729
March 0.0757 0.0736 0.0747
April 0.0748 0.0735 0.0740
May 0.0745 0.0727 0.0734
June 0.0744 0.0721 0.0732
July 0.0747 0.0730 0.0740
August 0.0745 0.0735 0.0741
September 0.0755 0.0731 0.0742
October 0.0754 0.0738 0.0746
November 0.0764 0.0744 0.0755
December 0.0758 0.0741 0.0749