2021 EGP to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 EGP to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the EGP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 3.4993. Conversely, the yearly low was recorded on January 6, dropping to 3.1834.
This high-to-low spread represents a total annual volatility of 0.3158 MKD. From a start-to-finish perspective, comparing the January average rate of 3.2226 to the December average rate of 3.4671, the exchange rate registered a net change of 7.59% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 3.4993 was down 4.67% compared to the 2020 peak of 3.6705, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EGP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
EGP 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 3.2598, compared to 3.3777 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1179 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was November, with a trading range of 0.1251 MKD (High: 3.4993 / Low: 3.3741). On the other end, December was the most stable month, with a tight range of 0.0294 MKD (High: 3.4842 / Low: 3.4548).
Growth Streaks & Declines
TrendsBetween 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 0.0460 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2021: 3.4364) against the same month in 2020 (average: 3.3257), the exchange rate shifted by +0.1107 (+3.33%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.2604 | 3.1834 | 3.2226 |
| February | 3.2828 | 3.2210 | 3.2535 |
| March | 3.3452 | 3.2507 | 3.2989 |
| April | 3.3580 | 3.2396 | 3.2829 |
| May | 3.2753 | 3.2059 | 3.2369 |
| June | 3.3078 | 3.2153 | 3.2641 |
| July | 3.3413 | 3.2913 | 3.3202 |
| August | 3.3613 | 3.2904 | 3.3349 |
| September | 3.3843 | 3.3003 | 3.3281 |
| October | 3.4024 | 3.3568 | 3.3794 |
| November | 3.4993 | 3.3741 | 3.4364 |
| December | 3.4842 | 3.4548 | 3.4671 |