YEARLY HIGH
15.9707 CLP
YEARLY LOW
13.5669 CLP
YEARLY AVERAGE
14.5790 CLP

2021 MKD to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 15.9707. Conversely, the yearly low was recorded on April 15, dropping to 13.5669.

This high-to-low spread represents a total annual volatility of 2.4038 CLP. From a start-to-finish perspective, comparing the January average rate of 14.2886 to the December average rate of 15.5927, the exchange rate registered a net change of 9.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 15.9707 was up 2.60% compared to the 2020 peak of 15.5666, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 79,854 CLP
2020 Average 73,276 CLP
Yearly Trough Low 67,835 CLP
Transaction Impact: A difference of 12,018.95 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

15.7760
13.5761
JanuMarcMayJulySeptNove

MKD to CLP 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 14.0894, compared to 15.0686 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9791 points.

H1 Avg (Jan–Jun) 14.0894
H2 Avg (Jul–Dec) 15.0686

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.9683 CLP (High: 14.6087 / Low: 13.6403). On the other end, April was the most stable month, with a tight range of 0.4396 CLP (High: 14.0065 / Low: 13.5669).

May Spread (Volatile) ±0.9683
April Spread (Stable) ±0.4396

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.2561 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -0.2561

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 15.5927) against the same month in 2020 (average: 14.4259), the exchange rate shifted by +1.1668 (+8.09%).

2021 Avg (December) 15.5927
2020 Avg (December) 14.4259

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 14.5570 13.8890 14.2886
February 14.4451 13.8394 14.1734
March 14.2974 13.7141 14.0127
April 14.0065 13.5669 13.7594
May 14.6087 13.6403 14.0439
June 14.5073 14.0528 14.2587
July 14.7271 14.1591 14.4463
August 15.1026 14.6363 14.9171
September 15.3165 14.7806 15.0226
October 15.5467 15.0906 15.3444
November 15.4634 14.7241 15.0883
December 15.9707 15.3587 15.5927