2021 BRL to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 BRL to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the BRL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 24, valuing the pair at 10.4968. Conversely, the yearly low was recorded on March 8, dropping to 8.8504.
This high-to-low spread represents a total annual volatility of 1.6464 MKD. From a start-to-finish perspective, comparing the January average rate of 9.4537 to the December average rate of 9.6366, the exchange rate registered a net change of 1.93% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 10.4968 was down 23.21% compared to the 2020 peak of 13.6693, indicating shifts in long-term support levels.
Comparing the value generated converting 25,000 BRL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
BRL to MKD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 9.5039, compared to 9.8205 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3166 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was June, with a trading range of 0.7105 MKD (High: 10.4968 / Low: 9.7864). On the other end, December was the most stable month, with a tight range of 0.3136 MKD (High: 9.8199 / Low: 9.5063).
Growth Streaks & Declines
TrendsBetween March and June, 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 September and October, when the average rate fell by 0.3170 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2021: 10.1658) against the same month in 2020 (average: 10.5599), the exchange rate shifted by -0.3942 (-3.73%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.7648 | 9.2445 | 9.4537 |
| February | 9.5861 | 9.0344 | 9.4110 |
| March | 9.4380 | 8.8504 | 9.1881 |
| April | 9.5044 | 9.0175 | 9.2346 |
| May | 9.7379 | 9.3598 | 9.5703 |
| June | 10.4968 | 9.7864 | 10.1658 |
| July | 10.2814 | 9.8638 | 10.0872 |
| August | 10.1300 | 9.7268 | 9.9663 |
| September | 10.0468 | 9.7129 | 9.9135 |
| October | 9.9196 | 9.3414 | 9.5965 |
| November | 9.9409 | 9.3514 | 9.7229 |
| December | 9.8199 | 9.5063 | 9.6366 |