YEARLY HIGH
0.0542 TND
YEARLY LOW
0.0518 TND
YEARLY AVERAGE
0.0533 TND

2021 MKD to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on June 10, valuing the pair at 0.0542. Conversely, the yearly low was recorded on November 22, dropping to 0.0518.

This high-to-low spread represents a total annual volatility of 0.0024 TND. From a start-to-finish perspective, comparing the January average rate of 0.0533 to the December average rate of 0.0528, the exchange rate registered a net change of -0.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0542 was up 0.46% compared to the 2020 peak of 0.0539, 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 271 TND
2020 Average 260 TND
Yearly Trough Low 259 TND
Transaction Impact: A difference of 11.79 TND purely based on transaction execution date.

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0.0540
0.0527
JanuMarcMayJulySeptNove

MKD to TND 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 0.0535, compared to 0.0532 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0535
H2 Avg (Jul–Dec) 0.0532

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0016 TND (High: 0.0534 / Low: 0.0518). On the other end, October was the most stable month, with a tight range of 0.0006 TND (High: 0.0535 / Low: 0.0529).

November Spread (Volatile) Âą0.0016
October Spread (Stable) Âą0.0006

Growth Streaks & Declines

Trends

Between March and May, 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 October and November, when the average rate fell by 0.0003 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2021: 0.0538) against the same month in 2020 (average: 0.0520), the exchange rate shifted by +0.0018 (+3.37%).

2021 Avg (June) 0.0538
2020 Avg (June) 0.0520

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Month High Low Average
January 0.0536 0.0529 0.0533
February 0.0538 0.0529 0.0532
March 0.0536 0.0529 0.0532
April 0.0540 0.0531 0.0536
May 0.0541 0.0536 0.0538
June 0.0542 0.0534 0.0538
July 0.0540 0.0532 0.0535
August 0.0540 0.0529 0.0532
September 0.0538 0.0528 0.0534
October 0.0535 0.0529 0.0532
November 0.0534 0.0518 0.0529
December 0.0530 0.0521 0.0528