YEARLY HIGH
1.5034 RUB
YEARLY LOW
1.3076 RUB
YEARLY AVERAGE
1.4159 RUB

2021 MKD to RUB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to RUB exchange rate experienced significant fluctuation. The market reached its absolute peak on April 20, valuing the pair at 1.5034. Conversely, the yearly low was recorded on October 26, dropping to 1.3076.

This high-to-low spread represents a total annual volatility of 0.1958 RUB. From a start-to-finish perspective, comparing the January average rate of 1.4710 to the December average rate of 1.3553, the exchange rate registered a net change of -7.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.5034 was down 1.25% compared to the 2020 peak of 1.5224, 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 7,517 RUB
2020 Average 6,706 RUB
Yearly Trough Low 6,538 RUB
Transaction Impact: A difference of 979.02 RUB purely based on transaction execution date.

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1.4901
1.3297
JanuMarcMayJulySeptNove

MKD to RUB 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 1.4538, compared to 1.3780 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0758 points.

H1 Avg (Jan–Jun) 1.4538
H2 Avg (Jul–Dec) 1.3780

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 0.0612 RUB (High: 1.4590 / Low: 1.3978). On the other end, August was the most stable month, with a tight range of 0.0227 RUB (High: 1.4176 / Low: 1.3949).

June Spread (Volatile) Âą0.0612
August Spread (Stable) Âą0.0227

Growth Streaks & Declines

Trends

Between October and December, 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 September and October, when the average rate fell by 0.0512 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0512

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 1.4768) against the same month in 2020 (average: 1.3208), the exchange rate shifted by +0.1560 (+11.81%).

2021 Avg (April) 1.4768
2020 Avg (April) 1.3208

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Month High Low Average
January 1.4993 1.4396 1.4710
February 1.4915 1.4417 1.4586
March 1.4691 1.4082 1.4388
April 1.5034 1.4545 1.4768
May 1.4791 1.4460 1.4580
June 1.4590 1.3978 1.4194
July 1.4370 1.4078 1.4195
August 1.4176 1.3949 1.4048
September 1.4128 1.3674 1.3943
October 1.3684 1.3076 1.3430
November 1.3833 1.3311 1.3509
December 1.3735 1.3438 1.3553