YEARLY HIGH
3.2956 PKR
YEARLY LOW
2.9054 PKR
YEARLY AVERAGE
3.1261 PKR

2021 MKD to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 24, valuing the pair at 3.2956. Conversely, the yearly low was recorded on March 31, dropping to 2.9054.

This high-to-low spread represents a total annual volatility of 0.3902 PKR. From a start-to-finish perspective, comparing the January average rate of 3.1715 to the December average rate of 3.2582, the exchange rate registered a net change of 2.73% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 3.2956 was up 1.25% compared to the 2020 peak of 3.2550, 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 16,478 PKR
2020 Average 14,996 PKR
Yearly Trough Low 14,527 PKR
Transaction Impact: A difference of 1,950.93 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

3.2867
2.9448
JanuMarcMayJulySeptNove

MKD to PKR 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 3.0612, compared to 3.1910 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1298 points.

H1 Avg (Jan–Jun) 3.0612
H2 Avg (Jul–Dec) 3.1910

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 0.1895 PKR (High: 3.0949 / Low: 2.9054). On the other end, February was the most stable month, with a tight range of 0.0439 PKR (High: 3.1445 / Low: 3.1007).

March Spread (Volatile) ±0.1895
February Spread (Stable) ±0.0439

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 February and March, when the average rate fell by 0.1132 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -0.1132

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2021: 3.2382) against the same month in 2020 (average: 3.1096), the exchange rate shifted by +0.1285 (+4.13%).

2021 Avg (October) 3.2382
2020 Avg (October) 3.1096

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 3.2098 3.1408 3.1715
February 3.1445 3.1007 3.1273
March 3.0949 2.9054 3.0141
April 3.0338 2.9097 2.9733
May 3.0779 2.9794 3.0224
June 3.0873 3.0375 3.0586
July 3.1445 3.0246 3.0720
August 3.2001 3.1170 3.1464
September 3.2527 3.1978 3.2223
October 3.2956 3.1992 3.2382
November 3.2660 3.1832 3.2092
December 3.2862 3.2195 3.2582