2021 GMD to MKD Historical Review

YEARLY HIGH

1.0508 MKD

YEARLY LOW

0.9667 MKD

YEARLY AVERAGE

1.0112 MKD

2021 GMD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GMD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 1.0508. Conversely, the yearly low was recorded on January 6, dropping to 0.9667.

This high-to-low spread represents a total annual volatility of 0.0841 MKD. From a start-to-finish perspective, comparing the January average rate of 0.9802 to the December average rate of 1.0374, the exchange rate registered a net change of 5.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.0508 was down 6.98% compared to the 2020 peak of 1.1296, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,254 MKD

2020 Average 5,252 MKD

Yearly Trough Low 4,833 MKD

Transaction Impact: A difference of 420.47 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.0432

0.9744

JanuMarcMayJulySeptNove

GMD 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 0.9965, compared to 1.0258 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0293 points.

H1 Avg (Jan–Jun) 0.9965

H2 Avg (Jul–Dec) 1.0258

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0332 MKD (High: 1.0241 / Low: 0.9909). On the other end, February was the most stable month, with a tight range of 0.0127 MKD (High: 0.9997 / Low: 0.9870).

April Spread (Volatile) ±0.0332

February Spread (Stable) ±0.0127

Growth Streaks & Declines

Trends

Between 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 0.0168 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0168

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 1.0343) against the same month in 2020 (average: 1.0055), the exchange rate shifted by +0.0288 (+2.87%).

2021 Avg (November) 1.0343

2020 Avg (November) 1.0055

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9880	0.9667	0.9802
February	0.9997	0.9870	0.9912
March	1.0259	0.9939	1.0099
April	1.0241	0.9909	1.0073
May	1.0021	0.9813	0.9905
June	1.0152	0.9856	0.9999
July	1.0246	1.0109	1.0183
August	1.0327	1.0107	1.0237
September	1.0331	1.0031	1.0166
October	1.0355	1.0143	1.0245
November	1.0508	1.0191	1.0343
December	1.0435	1.0286	1.0374