YEARLY HIGH
6.2352 MKD
YEARLY LOW
5.9288 MKD
YEARLY AVERAGE
6.0708 MKD

2021 SEK to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the SEK to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 1, valuing the pair at 6.2352. Conversely, the yearly low was recorded on December 18, dropping to 5.9288.

This high-to-low spread represents a total annual volatility of 0.3064 MKD. From a start-to-finish perspective, comparing the January average rate of 6.1010 to the December average rate of 5.9916, the exchange rate registered a net change of -1.79% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 6.2352 was up 1.66% compared to the 2020 peak of 6.1331, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 31,176 MKD
2020 Average 29,393 MKD
Yearly Trough Low 29,644 MKD
Transaction Impact: A difference of 1,532.04 MKD purely based on transaction execution date.

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6.1438
5.9778
JanuMarcMayJulySeptNove

SEK 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 6.0827, compared to 6.0588 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0240 points.

H1 Avg (Jan–Jun) 6.0827
H2 Avg (Jul–Dec) 6.0588

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.2692 MKD (High: 6.2352 / Low: 5.9659). On the other end, September was the most stable month, with a tight range of 0.0741 MKD (High: 6.0810 / Low: 6.0069).

November Spread (Volatile) Âą0.2692
September Spread (Stable) Âą0.0741

Growth Streaks & Declines

Trends

Between April and June, 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 November and December, when the average rate fell by 0.1182 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.1182

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 6.1098) against the same month in 2020 (average: 6.0265), the exchange rate shifted by +0.0833 (+1.38%).

2021 Avg (November) 6.1098
2020 Avg (November) 6.0265

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Month High Low Average
January 6.1539 6.0662 6.1010
February 6.1551 5.9949 6.1114
March 6.0999 6.0165 6.0661
April 6.1147 5.9993 6.0599
May 6.1368 6.0170 6.0755
June 6.1416 5.9938 6.0826
July 6.0858 5.9989 6.0386
August 6.0735 5.9765 6.0323
September 6.0810 6.0069 6.0505
October 6.1965 6.0560 6.1300
November 6.2352 5.9659 6.1098
December 6.0395 5.9288 5.9916