2021 MKD to GHS Historical Review

YEARLY HIGH

0.1173 GHS

YEARLY LOW

0.1098 GHS

YEARLY AVERAGE

0.1137 GHS

2021 MKD to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.1173. Conversely, the yearly low was recorded on March 27, dropping to 0.1098.

This high-to-low spread represents a total annual volatility of 0.0075 GHS. From a start-to-finish perspective, comparing the January average rate of 0.1156 to the December average rate of 0.1127, the exchange rate registered a net change of -2.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.1173 was up 0.04% compared to the 2020 peak of 0.1173, 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 587 GHS

2020 Average 531 GHS

Yearly Trough Low 549 GHS

Transaction Impact: A difference of 37.71 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.1161

0.1104

JanuMarcMayJulySeptNove

MKD to GHS 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 0.1133, compared to 0.1141 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.1133

H2 Avg (Jul–Dec) 0.1141

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0039 GHS (High: 0.1139 / Low: 0.1100). On the other end, February was the most stable month, with a tight range of 0.0014 GHS (High: 0.1143 / Low: 0.1129).

April Spread (Volatile) ±0.0039

February Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

Between June and September, 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 February and March, when the average rate fell by 0.0028 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 0.1156) against the same month in 2020 (average: 0.1021), the exchange rate shifted by +0.0135 (+13.26%).

2021 Avg (January) 0.1156

2020 Avg (January) 0.1021

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1173	0.1143	0.1156
February	0.1143	0.1129	0.1137
March	0.1126	0.1098	0.1109
April	0.1139	0.1100	0.1122
May	0.1151	0.1126	0.1138
June	0.1152	0.1121	0.1137
July	0.1156	0.1127	0.1139
August	0.1159	0.1133	0.1150
September	0.1169	0.1137	0.1154
October	0.1156	0.1134	0.1143
November	0.1150	0.1115	0.1134
December	0.1136	0.1115	0.1127

૨૦૨૫ MKD થી GHS ઐતિહાસિક સમીક્ષા