2021 MKD to ZAR Historical Review

YEARLY HIGH

0.3073 ZAR

YEARLY LOW

0.2642 ZAR

YEARLY AVERAGE

0.2839 ZAR

2021 MKD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 0.3073. Conversely, the yearly low was recorded on June 6, dropping to 0.2642.

This high-to-low spread represents a total annual volatility of 0.0431 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.2985 to the December average rate of 0.2914, the exchange rate registered a net change of -2.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.3073 was down 9.17% compared to the 2020 peak of 0.3384, 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 1,537 ZAR

2020 Average 1,524 ZAR

Yearly Trough Low 1,321 ZAR

Transaction Impact: A difference of 215.64 ZAR purely based on transaction execution date.

প্রবণতার চিত্রায়ন

2021 সাল জুড়ে মাসিক গড় ওঠানামা।

0.3012

0.2697

JanuMarcMayJulySeptNove

MKD to ZAR 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 0.2845, compared to 0.2832 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.2845

H2 Avg (Jul–Dec) 0.2832

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0174 ZAR (High: 0.2979 / Low: 0.2805). On the other end, April was the most stable month, with a tight range of 0.0097 ZAR (High: 0.2849 / Low: 0.2751).

November Spread (Volatile) ±0.0174

April Spread (Stable) ±0.0097

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0093 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0093

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 0.2985) against the same month in 2020 (average: 0.2601), the exchange rate shifted by +0.0384 (+14.78%).

2021 Avg (January) 0.2985

2020 Avg (January) 0.2601

মাসিক বিশ্লেষণ

প্রতিটি ক্যালেন্ডার মাসের পরিসংখ্যানগত সারসংক্ষেপ।

Month	High	Low	Average
January	0.3073	0.2905	0.2985
February	0.2988	0.2843	0.2898
March	0.2987	0.2814	0.2893
April	0.2849	0.2751	0.2800
May	0.2848	0.2723	0.2771
June	0.2781	0.2642	0.2723
July	0.2837	0.2733	0.2785
August	0.2909	0.2757	0.2825
September	0.2870	0.2712	0.2788
October	0.2883	0.2724	0.2802
November	0.2979	0.2805	0.2880
December	0.2963	0.2857	0.2914

2021 MKD থেকে ZAR-এর ঐতিহাসিক পর্যালোচনা