2021 BIF to MKD Historical Review

YEARLY HIGH

0.0276 MKD

YEARLY LOW

0.0255 MKD

YEARLY AVERAGE

0.0264 MKD

2021 BIF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the BIF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 25, valuing the pair at 0.0276. Conversely, the yearly low was recorded on May 25, dropping to 0.0255.

This high-to-low spread represents a total annual volatility of 0.0022 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0260 to the December average rate of 0.0273, the exchange rate registered a net change of 4.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0276 was down 9.42% compared to the 2020 peak of 0.0305, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 138 MKD

2020 Average 141 MKD

Yearly Trough Low 127 MKD

Transaction Impact: A difference of 10.80 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0274

0.0256

JanuMarcMayJulySeptNove

BIF 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 0.0261, compared to 0.0267 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0261

H2 Avg (Jul–Dec) 0.0267

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0010 MKD (High: 0.0270 / Low: 0.0259). On the other end, December was the most stable month, with a tight range of 0.0003 MKD (High: 0.0274 / Low: 0.0272).

April Spread (Volatile) ±0.0010

December Spread (Stable) ±0.0003

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 0.0006 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 0.0271) against the same month in 2020 (average: 0.0268), the exchange rate shifted by +0.0003 (+0.95%).

2021 Avg (November) 0.0271

2020 Avg (November) 0.0268

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0263	0.0257	0.0260
February	0.0264	0.0260	0.0261
March	0.0269	0.0261	0.0265
April	0.0270	0.0259	0.0264
May	0.0263	0.0255	0.0258
June	0.0262	0.0255	0.0258
July	0.0264	0.0261	0.0263
August	0.0266	0.0261	0.0264
September	0.0267	0.0261	0.0263
October	0.0269	0.0264	0.0267
November	0.0276	0.0266	0.0271
December	0.0274	0.0272	0.0273

૨૦૨૫ BIF થી MKD ઐતિહાસિક સમીક્ષા