YEARLY HIGH
0.7648 MKD
YEARLY LOW
0.6652 MKD
YEARLY AVERAGE
0.7071 MKD

2021 RUB to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the RUB to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 0.7648. Conversely, the yearly low was recorded on April 20, dropping to 0.6652.

This high-to-low spread represents a total annual volatility of 0.0996 MKD. From a start-to-finish perspective, comparing the January average rate of 0.6799 to the December average rate of 0.7379, the exchange rate registered a net change of 8.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.7648 was down 15.69% compared to the 2020 peak of 0.9071, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 RUB based on timing:

Yearly Peak High 3,824 MKD
2020 Average 3,761 MKD
Yearly Trough Low 3,326 MKD
Transaction Impact: A difference of 498.04 MKD purely based on transaction execution date.

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0.7514
0.6705
JanuMarcMayJulySeptNove

RUB to MKD 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 0.6881, compared to 0.7261 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0380 points.

H1 Avg (Jan–Jun) 0.6881
H2 Avg (Jul–Dec) 0.7261

Volatility Range Comparison

Volatility

The most volatile month in 2021 was October, with a trading range of 0.0340 MKD (High: 0.7648 / Low: 0.7308). On the other end, August was the most stable month, with a tight range of 0.0115 MKD (High: 0.7169 / Low: 0.7054).

October Spread (Volatile) Âą0.0340
August Spread (Stable) Âą0.0115

Growth Streaks & Declines

Trends

Between July and October, 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 0.0179 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0179

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2021: 0.7447) against the same month in 2020 (average: 0.6751), the exchange rate shifted by +0.0695 (+10.30%).

2021 Avg (October) 0.7447
2020 Avg (October) 0.6751

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Month High Low Average
January 0.6946 0.6670 0.6799
February 0.6936 0.6705 0.6856
March 0.7101 0.6807 0.6951
April 0.6875 0.6652 0.6772
May 0.6916 0.6761 0.6859
June 0.7154 0.6854 0.7046
July 0.7103 0.6959 0.7045
August 0.7169 0.7054 0.7119
September 0.7313 0.7078 0.7173
October 0.7648 0.7308 0.7447
November 0.7513 0.7229 0.7403
December 0.7442 0.7281 0.7379