2021 GNF to MKD Historical Review

YEARLY HIGH

0.0059 MKD

YEARLY LOW

0.0049 MKD

YEARLY AVERAGE

0.0053 MKD

2021 GNF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GNF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 0.0059. Conversely, the yearly low was recorded on January 5, dropping to 0.0049.

This high-to-low spread represents a total annual volatility of 0.0010 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0050 to the December average rate of 0.0058, the exchange rate registered a net change of 16.67% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0059 was down 3.18% compared to the 2020 peak of 0.0061, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 29 MKD

2020 Average 28 MKD

Yearly Trough Low 24 MKD

Transaction Impact: A difference of 4.92 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0059

0.0049

JanuMarcMayJulySeptNove

GNF 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 0.0051, compared to 0.0055 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0051

H2 Avg (Jul–Dec) 0.0055

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0003 MKD (High: 0.0058 / Low: 0.0055). On the other end, October was the most stable month, with a tight range of 0.0001 MKD (High: 0.0055 / Low: 0.0054).

November Spread (Volatile) ±0.0003

October Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and April, 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 0.0000 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 0.0058) against the same month in 2020 (average: 0.0051), the exchange rate shifted by +0.0007 (+13.69%).

2021 Avg (December) 0.0058

2020 Avg (December) 0.0051

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0050	0.0049	0.0050
February	0.0051	0.0049	0.0050
March	0.0052	0.0050	0.0051
April	0.0052	0.0051	0.0052
May	0.0052	0.0051	0.0051
June	0.0053	0.0051	0.0052
July	0.0054	0.0053	0.0053
August	0.0054	0.0053	0.0054
September	0.0054	0.0053	0.0053
October	0.0055	0.0054	0.0055
November	0.0058	0.0055	0.0057
December	0.0059	0.0057	0.0058

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