YEARLY HIGH
1.9800 MKD
YEARLY LOW
1.7836 MKD
YEARLY AVERAGE
1.8664 MKD

2021 TWD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TWD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 1.9800. Conversely, the yearly low was recorded on January 6, dropping to 1.7836.

This high-to-low spread represents a total annual volatility of 0.1964 MKD. From a start-to-finish perspective, comparing the January average rate of 1.8090 to the December average rate of 1.9665, the exchange rate registered a net change of 8.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.9800 was up 3.80% compared to the 2020 peak of 1.9076, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,900 MKD
2020 Average 9,177 MKD
Yearly Trough Low 8,918 MKD
Transaction Impact: A difference of 982.12 MKD purely based on transaction execution date.

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1.9822
1.7932
JanuMarcMayJulySeptNove

TWD 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 1.8259, compared to 1.9069 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0809 points.

H1 Avg (Jan–Jun) 1.8259
H2 Avg (Jul–Dec) 1.9069

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0714 MKD (High: 1.9800 / Low: 1.9086). On the other end, October was the most stable month, with a tight range of 0.0205 MKD (High: 1.9168 / Low: 1.8963).

November Spread (Volatile) Âą0.0714
October Spread (Stable) Âą0.0205

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0098 points.

Longest Streak 7 Mo.
Sharpest MoM Drop -0.0098

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 1.9430) against the same month in 2020 (average: 1.8239), the exchange rate shifted by +0.1191 (+6.53%).

2021 Avg (November) 1.9430
2020 Avg (November) 1.8239

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Month High Low Average
January 1.8251 1.7836 1.8090
February 1.8444 1.8142 1.8249
March 1.8505 1.8199 1.8342
April 1.8464 1.8137 1.8244
May 1.8396 1.7992 1.8202
June 1.8649 1.8182 1.8431
July 1.8728 1.8506 1.8618
August 1.8889 1.8503 1.8795
September 1.9118 1.8768 1.8874
October 1.9168 1.8963 1.9029
November 1.9800 1.9086 1.9430
December 1.9765 1.9532 1.9665