2021 MKD to ISK Historical Review

YEARLY HIGH

2.5499 ISK

YEARLY LOW

2.3682 ISK

YEARLY AVERAGE

2.4384 ISK

2021 MKD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 2.5499. Conversely, the yearly low was recorded on July 15, dropping to 2.3682.

This high-to-low spread represents a total annual volatility of 0.1816 ISK. From a start-to-finish perspective, comparing the January average rate of 2.5385 to the December average rate of 2.3874, the exchange rate registered a net change of -5.95% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.5499 was down 5.42% compared to the 2020 peak of 2.6959, 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 12,749 ISK

2020 Average 12,534 ISK

Yearly Trough Low 11,841 ISK

Transaction Impact: A difference of 908.22 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

2.5536

2.3723

JanuMarcMayJulySeptNove

MKD to ISK 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 2.4627, compared to 2.4142 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0484 points.

H1 Avg (Jan–Jun) 2.4627

H2 Avg (Jul–Dec) 2.4142

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 0.0855 ISK (High: 2.4946 / Low: 2.4091). On the other end, December was the most stable month, with a tight range of 0.0247 ISK (High: 2.3967 / Low: 2.3721).

March Spread (Volatile) ±0.0855

December Spread (Stable) ±0.0247

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 0.0592 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0592

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 2.5385) against the same month in 2020 (average: 2.2293), the exchange rate shifted by +0.3092 (+13.87%).

2021 Avg (January) 2.5385

2020 Avg (January) 2.2293

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5499	2.5202	2.5385
February	2.5335	2.4919	2.5169
March	2.4946	2.4091	2.4578
April	2.4660	2.3999	2.4444
May	2.4549	2.3884	2.4309
June	2.4064	2.3750	2.3874
July	2.4172	2.3682	2.3874
August	2.4377	2.3847	2.4093
September	2.4752	2.4304	2.4509
October	2.4533	2.4119	2.4312
November	2.4545	2.3769	2.4190
December	2.3967	2.3721	2.3874

૨૦૨૫ MKD થી ISK ઐતિહાસિક સમીક્ષા