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2021 MKD to VEF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the MKD to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 4925.9958. Conversely, the yearly low was recorded on November 24, dropping to 0.0182.
This high-to-low spread represents a total annual volatility of 4925.9776 VEF. From a start-to-finish perspective, comparing the January average rate of 476.7271 to the December average rate of 0.0184, the exchange rate registered a net change of -100.00% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 4925.9958 was down 0.69% compared to the 2020 peak of 4960.0334, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
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MKD to VEF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: JanâJun) was 79.4708, compared to 0.0189 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 79.4519 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was January, with a trading range of 4925.9762 VEF (High: 4925.9958 / Low: 0.0196). On the other end, December was the most stable month, with a tight range of 0.0002 VEF (High: 0.0184 / Low: 0.0182).
Growth Streaks & Declines
TrendsBetween 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 January and February, when the average rate fell by 476.7075 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2021: 476.7271) against the same month in 2020 (average: 4486.4778), the exchange rate shifted by -4009.7507 (-89.37%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 4925.9958 | 0.0196 | 476.7271 |
| February | 0.0198 | 0.0194 | 0.0196 |
| March | 0.0196 | 0.0190 | 0.0193 |
| April | 0.0197 | 0.0191 | 0.0194 |
| May | 0.0199 | 0.0195 | 0.0197 |
| June | 0.0198 | 0.0193 | 0.0196 |
| July | 0.0193 | 0.0191 | 0.0192 |
| August | 0.0193 | 0.0189 | 0.0191 |
| September | 0.0193 | 0.0188 | 0.0191 |
| October | 0.0190 | 0.0187 | 0.0188 |
| November | 0.0188 | 0.0182 | 0.0185 |
| December | 0.0184 | 0.0182 | 0.0184 |