YEARLY HIGH
0.5656 UAH
YEARLY LOW
0.4858 UAH
YEARLY AVERAGE
0.5242 UAH

2021 MKD to UAH Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to UAH exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.5656. Conversely, the yearly low was recorded on November 11, dropping to 0.4858.

This high-to-low spread represents a total annual volatility of 0.0798 UAH. From a start-to-finish perspective, comparing the January average rate of 0.5572 to the December average rate of 0.4995, the exchange rate registered a net change of -10.37% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.5656 was down 0.02% compared to the 2020 peak of 0.5657, 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 2,828 UAH
2020 Average 2,502 UAH
Yearly Trough Low 2,429 UAH
Transaction Impact: A difference of 398.83 UAH purely based on transaction execution date.

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0.5639
0.4838
JanuMarcMayJulySeptNove

MKD to UAH 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 0.5432, compared to 0.5052 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0380 points.

H1 Avg (Jan–Jun) 0.5432
H2 Avg (Jul–Dec) 0.5052

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0204 UAH (High: 0.5506 / Low: 0.5303). On the other end, October was the most stable month, with a tight range of 0.0077 UAH (High: 0.5006 / Low: 0.4929).

April Spread (Volatile) Âą0.0204
October Spread (Stable) Âą0.0077

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 September and October, when the average rate fell by 0.0148 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0148

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 0.5572) against the same month in 2020 (average: 0.4364), the exchange rate shifted by +0.1209 (+27.70%).

2021 Avg (January) 0.5572
2020 Avg (January) 0.4364

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Month High Low Average
January 0.5656 0.5504 0.5572
February 0.5525 0.5397 0.5471
March 0.5478 0.5298 0.5365
April 0.5506 0.5303 0.5417
May 0.5481 0.5402 0.5442
June 0.5443 0.5259 0.5323
July 0.5277 0.5154 0.5220
August 0.5190 0.5052 0.5114
September 0.5200 0.5002 0.5112
October 0.5006 0.4929 0.4964
November 0.4996 0.4858 0.4905
December 0.5018 0.4930 0.4995