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2021 MRO to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the MRO to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 54.5024. Conversely, the yearly low was recorded on January 6, dropping to 0.1400.
This high-to-low spread represents a total annual volatility of 54.3624 MKD. From a start-to-finish perspective, comparing the January average rate of 0.1418 to the December average rate of 15.9017, the exchange rate registered a net change of 11110.41% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 54.5024 was up 33746.32% compared to the 2020 peak of 0.1610, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MRO based on timing:
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MRO to MKD 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 0.1432, compared to 2.7735 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 2.6302 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was December, with a trading range of 54.3502 MKD (High: 54.5024 / Low: 0.1522). On the other end, July was the most stable month, with a tight range of 0.0018 MKD (High: 0.1467 / Low: 0.1448).
Growth Streaks & Declines
TrendsBetween May and August, 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 April and May, when the average rate fell by 0.0023 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2021: 15.9017) against the same month in 2020 (average: 0.1418), the exchange rate shifted by +15.7598 (+11112.06%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 0.1430 | 0.1400 | 0.1418 |
| February | 0.1443 | 0.1417 | 0.1428 |
| March | 0.1473 | 0.1428 | 0.1451 |
| April | 0.1469 | 0.1421 | 0.1443 |
| May | 0.1437 | 0.1407 | 0.1421 |
| June | 0.1454 | 0.1412 | 0.1432 |
| July | 0.1467 | 0.1448 | 0.1459 |
| August | 0.1478 | 0.1448 | 0.1467 |
| September | 0.1490 | 0.1452 | 0.1464 |
| October | 0.1497 | 0.1477 | 0.1487 |
| November | 0.1541 | 0.1486 | 0.1513 |
| December | 54.5024 | 0.1522 | 15.9017 |