YEARLY HIGH
0.4305 SCR
YEARLY LOW
0.2335 SCR
YEARLY AVERAGE
0.3113 SCR

2021 MKD to SCR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to SCR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 0.4305. Conversely, the yearly low was recorded on November 25, dropping to 0.2335.

This high-to-low spread represents a total annual volatility of 0.1970 SCR. From a start-to-finish perspective, comparing the January average rate of 0.4193 to the December average rate of 0.2472, the exchange rate registered a net change of -41.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.4305 was up 1.72% compared to the 2020 peak of 0.4233, 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 2,153 SCR
2020 Average 1,597 SCR
Yearly Trough Low 1,168 SCR
Transaction Impact: A difference of 985.16 SCR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.4365
0.2300
JanuMarcMayJulySeptNove

MKD to SCR 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 0.3634, compared to 0.2592 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1042 points.

H1 Avg (Jan–Jun) 0.3634
H2 Avg (Jul–Dec) 0.2592

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.1260 SCR (High: 0.3974 / Low: 0.2715). On the other end, February was the most stable month, with a tight range of 0.0125 SCR (High: 0.4229 / Low: 0.4104).

April Spread (Volatile) ±0.1260
February Spread (Stable) ±0.0125

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0872 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0872

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 0.4193) against the same month in 2020 (average: 0.2467), the exchange rate shifted by +0.1726 (+69.96%).

2021 Avg (January) 0.4193
2020 Avg (January) 0.2467

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.4305 0.4153 0.4193
February 0.4229 0.4104 0.4154
March 0.4163 0.3895 0.4086
April 0.3974 0.2715 0.3214
May 0.3279 0.2894 0.3110
June 0.3273 0.2846 0.3049
July 0.3153 0.2594 0.2840
August 0.2921 0.2444 0.2624
September 0.2681 0.2446 0.2511
October 0.2814 0.2408 0.2604
November 0.2736 0.2335 0.2501
December 0.2743 0.2338 0.2472