2021 KWD to MKD Historical Review

YEARLY HIGH

181.5985 MKD

YEARLY LOW

164.7279 MKD

YEARLY AVERAGE

172.6450 MKD

2021 KWD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the KWD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 181.5985. Conversely, the yearly low was recorded on January 6, dropping to 164.7279.

This high-to-low spread represents a total annual volatility of 16.8706 MKD. From a start-to-finish perspective, comparing the January average rate of 167.0086 to the December average rate of 179.9823, the exchange rate registered a net change of 7.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 181.5985 was down 2.80% compared to the 2020 peak of 186.8230, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 907,992 MKD

2020 Average 881,044 MKD

Yearly Trough Low 823,639 MKD

Transaction Impact: A difference of 84,353.19 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

181.2796

165.7112

JanuMarcMayJulySeptNove

KWD 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 169.3387, compared to 175.9513 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.6126 points.

H1 Avg (Jan–Jun) 169.3387

H2 Avg (Jul–Dec) 175.9513

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 5.6866 MKD (High: 181.5985 / Low: 175.9119). On the other end, December was the most stable month, with a tight range of 1.6267 MKD (High: 180.9238 / Low: 179.2972).

November Spread (Volatile) ±5.6866

December Spread (Stable) ±1.6267

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 2.3122 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -2.3122

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 178.6982) against the same month in 2020 (average: 170.3125), the exchange rate shifted by +8.3857 (+4.92%).

2021 Avg (November) 178.6982

2020 Avg (November) 170.3125

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	168.4585	164.7279	167.0086
February	170.0565	167.0421	168.3904
March	174.0065	168.3604	171.3201
April	173.5823	168.5373	170.8607
May	170.2599	167.1115	168.5486
June	172.5295	167.6060	169.9036
July	174.1288	172.0392	173.0982
August	175.2318	172.0364	174.0865
September	176.3751	172.5074	173.7894
October	177.0864	174.9141	176.0531
November	181.5985	175.9119	178.6982
December	180.9238	179.2972	179.9823

૨૦૨૫ KWD થી MKD ઐતિહાસિક સમીક્ષા