YEARLY HIGH
14.6642 MKD
YEARLY LOW
13.3217 MKD
YEARLY AVERAGE
13.8885 MKD

2021 SAR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the SAR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 14.6642. Conversely, the yearly low was recorded on January 6, dropping to 13.3217.

This high-to-low spread represents a total annual volatility of 1.3425 MKD. From a start-to-finish perspective, comparing the January average rate of 13.4993 to the December average rate of 14.5205, the exchange rate registered a net change of 7.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 14.6642 was down 4.23% compared to the 2020 peak of 15.3126, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 73,321 MKD
2020 Average 72,027 MKD
Yearly Trough Low 66,608 MKD
Transaction Impact: A difference of 6,712.48 MKD purely based on transaction execution date.

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14.6227
13.3972
JanuMarcMayJulySeptNove

SAR 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 13.6326, compared to 14.1444 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5118 points.

H1 Avg (Jan–Jun) 13.6326
H2 Avg (Jul–Dec) 14.1444

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.5178 MKD (High: 14.6642 / Low: 14.1464). On the other end, December was the most stable month, with a tight range of 0.1418 MKD (High: 14.6068 / Low: 14.4650).

November Spread (Volatile) Âą0.5178
December Spread (Stable) Âą0.1418

Growth Streaks & Declines

Trends

Between 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 0.2136 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.2136

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 14.4014) against the same month in 2020 (average: 13.8793), the exchange rate shifted by +0.5221 (+3.76%).

2021 Avg (November) 14.4014
2020 Avg (November) 13.8793

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Month High Low Average
January 13.6117 13.3217 13.4993
February 13.7301 13.4861 13.5887
March 14.0200 13.5941 13.8117
April 13.9883 13.5264 13.7367
May 13.6831 13.3984 13.5231
June 13.8398 13.4417 13.6363
July 13.9605 13.7870 13.8859
August 14.0710 13.7840 13.9617
September 14.1844 13.8214 13.9397
October 14.2491 14.0605 14.1573
November 14.6642 14.1464 14.4014
December 14.6068 14.4650 14.5205