YEARLY HIGH
1.3071 MKD
YEARLY LOW
0.2403 MKD
YEARLY AVERAGE
1.1907 MKD

2021 ETB to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ETB to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 1.3071. Conversely, the yearly low was recorded on December 27, dropping to 0.2403.

This high-to-low spread represents a total annual volatility of 1.0668 MKD. From a start-to-finish perspective, comparing the January average rate of 1.2848 to the December average rate of 1.0925, the exchange rate registered a net change of -14.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.3071 was down 26.78% compared to the 2020 peak of 1.7852, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,535 MKD
2020 Average 7,781 MKD
Yearly Trough Low 1,201 MKD
Transaction Impact: A difference of 5,333.98 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.3040
1.0733
JanuMarcMayJulySeptNove

ETB 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 1.2411, compared to 1.1404 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1007 points.

H1 Avg (Jan–Jun) 1.2411
H2 Avg (Jul–Dec) 1.1404

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.8977 MKD (High: 1.1380 / Low: 0.2403). On the other end, July was the most stable month, with a tight range of 0.0241 MKD (High: 1.1901 / Low: 1.1659).

December Spread (Volatile) ±0.8977
July Spread (Stable) ±0.0241

Growth Streaks & Declines

Trends

Between September and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0479 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0479

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 1.2796) against the same month in 2020 (average: 1.7589), the exchange rate shifted by -0.4794 (-27.25%).

2021 Avg (February) 1.2796
2020 Avg (February) 1.7589

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.2976 1.2709 1.2848
February 1.3071 1.2540 1.2796
March 1.3031 1.2542 1.2795
April 1.2790 1.2069 1.2374
May 1.2175 1.1576 1.1895
June 1.1917 1.1604 1.1756
July 1.1901 1.1659 1.1820
August 1.1790 1.1415 1.1604
September 1.1493 1.1248 1.1350
October 1.1530 1.1150 1.1354
November 1.1563 1.1198 1.1370
December 1.1380 0.2403 1.0925