2021 NPR to MKD Historical Review

YEARLY HIGH

0.4624 MKD

YEARLY LOW

0.4255 MKD

YEARLY AVERAGE

0.4408 MKD

2021 NPR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NPR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 0.4624. Conversely, the yearly low was recorded on April 26, dropping to 0.4255.

This high-to-low spread represents a total annual volatility of 0.0369 MKD. From a start-to-finish perspective, comparing the January average rate of 0.4329 to the December average rate of 0.4521, the exchange rate registered a net change of 4.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.4624 was down 7.35% compared to the 2020 peak of 0.4990, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NPR based on timing:

Yearly Peak High 2,312 MKD

2020 Average 2,282 MKD

Yearly Trough Low 2,128 MKD

Transaction Impact: A difference of 184.26 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.4556

0.4308

JanuMarcMayJulySeptNove

NPR to MKD 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 0.4362, compared to 0.4453 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0091 points.

H1 Avg (Jan–Jun) 0.4362

H2 Avg (Jul–Dec) 0.4453

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0212 MKD (High: 0.4467 / Low: 0.4255). On the other end, July was the most stable month, with a tight range of 0.0050 MKD (High: 0.4399 / Low: 0.4349).

April Spread (Volatile) ±0.0212

July Spread (Stable) ±0.0050

Growth Streaks & Declines

Trends

Between May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0121 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0121

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 0.4535) against the same month in 2020 (average: 0.4382), the exchange rate shifted by +0.0154 (+3.51%).

2021 Avg (November) 0.4535

2020 Avg (November) 0.4382

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4372	0.4271	0.4329
February	0.4421	0.4348	0.4383
March	0.4518	0.4345	0.4454
April	0.4467	0.4255	0.4333
May	0.4355	0.4273	0.4329
June	0.4373	0.4313	0.4345
July	0.4399	0.4349	0.4372
August	0.4472	0.4348	0.4415
September	0.4481	0.4421	0.4444
October	0.4488	0.4404	0.4433
November	0.4624	0.4432	0.4535
December	0.4576	0.4467	0.4521

૨૦૨૫ NPR થી MKD ઐતિહાસિક સમીક્ષા