YEARLY HIGH
8.3428 MKD
YEARLY LOW
8.2038 MKD
YEARLY AVERAGE
8.2829 MKD

2021 DKK to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the DKK to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 8.3428. Conversely, the yearly low was recorded on June 16, dropping to 8.2038.

This high-to-low spread represents a total annual volatility of 0.1390 MKD. From a start-to-finish perspective, comparing the January average rate of 8.2847 to the December average rate of 8.2843, the exchange rate registered a net change of -0.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 8.3428 was down 1.14% compared to the 2020 peak of 8.4388, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 41,714 MKD
2020 Average 41,340 MKD
Yearly Trough Low 41,019 MKD
Transaction Impact: A difference of 694.94 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

8.2899
8.2741
JanuMarcMayJulySeptNove

DKK 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 8.2843, compared to 8.2816 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 8.2843
H2 Avg (Jul–Dec) 8.2816

Volatility Range Comparison

Volatility

The most volatile month in 2021 was February, with a trading range of 0.1303 MKD (High: 8.3428 / Low: 8.2125). On the other end, March was the most stable month, with a tight range of 0.0303 MKD (High: 8.3045 / Low: 8.2742).

February Spread (Volatile) ±0.1303
March Spread (Stable) ±0.0303

Growth Streaks & Declines

Trends

Between September and December, 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 August and September, when the average rate fell by 0.0111 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0111

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 8.2886) against the same month in 2020 (average: 8.2488), the exchange rate shifted by +0.0398 (+0.48%).

2021 Avg (February) 8.2886
2020 Avg (February) 8.2488

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 8.2972 8.2597 8.2847
February 8.3428 8.2125 8.2886
March 8.3045 8.2742 8.2871
April 8.3409 8.2288 8.2859
May 8.3395 8.2285 8.2838
June 8.3129 8.2038 8.2755
July 8.2974 8.2394 8.2825
August 8.3219 8.2456 8.2866
September 8.2950 8.2480 8.2755
October 8.3006 8.2161 8.2773
November 8.3159 8.2386 8.2835
December 8.3275 8.2176 8.2843