YEARLY HIGH
73.8803 UGX
YEARLY LOW
64.8878 UGX
YEARLY AVERAGE
68.9080 UGX

2021 MKD to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 73.8803. Conversely, the yearly low was recorded on December 20, dropping to 64.8878.

This high-to-low spread represents a total annual volatility of 8.9925 UGX. From a start-to-finish perspective, comparing the January average rate of 72.8935 to the December average rate of 65.2400, the exchange rate registered a net change of -10.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 73.8803 was up 1.43% compared to the 2020 peak of 72.8353, 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 369,401 UGX
2020 Average 344,190 UGX
Yearly Trough Low 324,439 UGX
Transaction Impact: A difference of 44,962.59 UGX purely based on transaction execution date.

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73.6588
64.4747
JanuMarcMayJulySeptNove

MKD to UGX 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 70.8698, compared to 66.9463 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.9235 points.

H1 Avg (Jan–Jun) 70.8698
H2 Avg (Jul–Dec) 66.9463

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 2.1936 UGX (High: 71.8006 / Low: 69.6071). On the other end, December was the most stable month, with a tight range of 0.8190 UGX (High: 65.7068 / Low: 64.8878).

March Spread (Volatile) Âą2.1936
December Spread (Stable) Âą0.8190

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 1.5692 points.

Longest Streak 0 Mo.
Sharpest MoM Drop -1.5692

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 72.8935) against the same month in 2020 (average: 66.4156), the exchange rate shifted by +6.4779 (+9.75%).

2021 Avg (January) 72.8935
2020 Avg (January) 66.4156

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Month High Low Average
January 73.8803 72.2413 72.8935
February 72.4861 71.1180 71.9497
March 71.8006 69.6071 70.6874
April 70.9530 69.7750 70.3929
May 70.7673 69.3063 70.0587
June 70.3706 68.3634 69.2366
July 68.6234 67.6140 68.1788
August 68.7226 67.0146 67.5684
September 68.0431 66.8839 67.5154
October 68.5026 66.4885 67.3722
November 66.9495 64.9307 65.8030
December 65.7068 64.8878 65.2400