YEARLY HIGH
7.1431 MRO
YEARLY LOW
0.0183 MRO
YEARLY AVERAGE
6.6986 MRO

2021 MKD to MRO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 7.1431. Conversely, the yearly low was recorded on December 28, dropping to 0.0183.

This high-to-low spread represents a total annual volatility of 7.1248 MRO. From a start-to-finish perspective, comparing the January average rate of 7.0500 to the December average rate of 4.6513, the exchange rate registered a net change of -34.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 7.1431 was up 0.24% compared to the 2020 peak of 7.1260, 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 35,716 MRO
2020 Average 33,068 MRO
Yearly Trough Low 92 MRO
Transaction Impact: A difference of 35,623.89 MRO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

7.2899
4.4115
JanuMarcMayJulySeptNove

MKD to MRO 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 6.9829, compared to 6.4142 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5687 points.

H1 Avg (Jan–Jun) 6.9829
H2 Avg (Jul–Dec) 6.4142

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 6.5521 MRO (High: 6.5704 / Low: 0.0183). On the other end, July was the most stable month, with a tight range of 0.0865 MRO (High: 6.9044 / Low: 6.8180).

December Spread (Volatile) ±6.5521
July Spread (Stable) ±0.0865

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 1.9581 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -1.9581

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 7.0500) against the same month in 2020 (average: 6.4457), the exchange rate shifted by +0.6044 (+9.38%).

2021 Avg (January) 7.0500
2020 Avg (January) 6.4457

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 7.1431 6.9921 7.0500
February 7.0574 6.9323 7.0046
March 7.0016 6.7897 6.8916
April 7.0371 6.8055 6.9301
May 7.1053 6.9574 7.0394
June 7.0817 6.8779 6.9816
July 6.9044 6.8180 6.8546
August 6.9057 6.7650 6.8182
September 6.8879 6.7102 6.8287
October 6.7689 6.6790 6.7234
November 6.7274 6.4899 6.6094
December 6.5704 0.0183 4.6513