YEARLY HIGH
3.7148 MKD
YEARLY LOW
2.4033 MKD
YEARLY AVERAGE
2.9739 MKD

2021 SRD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the SRD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 30, valuing the pair at 3.7148. Conversely, the yearly low was recorded on June 16, dropping to 2.4033.

This high-to-low spread represents a total annual volatility of 1.3115 MKD. From a start-to-finish perspective, comparing the January average rate of 3.5777 to the December average rate of 2.5731, the exchange rate registered a net change of -28.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 3.7148 was down 51.81% compared to the 2020 peak of 7.7082, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 18,574 MKD
2020 Average 31,711 MKD
Yearly Trough Low 12,017 MKD
Transaction Impact: A difference of 6,557.42 MKD purely based on transaction execution date.

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3.7815
2.3246
JanuMarcMayJulySeptNove

SRD 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 3.4613, compared to 2.4865 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9748 points.

H1 Avg (Jan–Jun) 3.4613
H2 Avg (Jul–Dec) 2.4865

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 1.1865 MKD (High: 3.5898 / Low: 2.4033). On the other end, October was the most stable month, with a tight range of 0.0349 MKD (High: 2.4927 / Low: 2.4578).

June Spread (Volatile) Âą1.1865
October Spread (Stable) Âą0.0349

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 May and June, when the average rate fell by 0.8775 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.8775

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 3.6601) against the same month in 2020 (average: 7.4736), the exchange rate shifted by -3.8135 (-51.03%).

2021 Avg (March) 3.6601
2020 Avg (March) 7.4736

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Month High Low Average
January 3.6073 3.5310 3.5777
February 3.6384 3.5739 3.6009
March 3.7148 3.6024 3.6601
April 3.7062 3.5842 3.6399
May 3.6253 3.5498 3.5832
June 3.5898 2.4033 2.7057
July 2.4979 2.4156 2.4619
August 2.4664 2.4152 2.4479
September 2.4863 2.4236 2.4460
October 2.4927 2.4578 2.4782
November 2.5577 2.4635 2.5118
December 2.8030 2.5243 2.5731