YEARLY HIGH
4.2825 MKD
YEARLY LOW
2.3227 MKD
YEARLY AVERAGE
3.3478 MKD

2021 SCR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the SCR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 25, valuing the pair at 4.2825. Conversely, the yearly low was recorded on January 10, dropping to 2.3227.

This high-to-low spread represents a total annual volatility of 1.9599 MKD. From a start-to-finish perspective, comparing the January average rate of 2.3853 to the December average rate of 4.0519, the exchange rate registered a net change of 69.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 4.2825 was down 2.28% compared to the 2020 peak of 4.3825, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 21,413 MKD
2020 Average 16,147 MKD
Yearly Trough Low 11,613 MKD
Transaction Impact: A difference of 9,799.37 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

4.2186
2.2187
JanuMarcMayJulySeptNove

SCR 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 2.8218, compared to 3.8739 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0521 points.

H1 Avg (Jan–Jun) 2.8218
H2 Avg (Jul–Dec) 3.8739

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 1.1675 MKD (High: 3.6835 / Low: 2.5160). On the other end, February was the most stable month, with a tight range of 0.0721 MKD (High: 2.4369 / Low: 2.3647).

April Spread (Volatile) ±1.1675
February Spread (Stable) ±0.0721

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.1350 points.

Longest Streak 8 Mo.
Sharpest MoM Drop -0.1350

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 4.0059) against the same month in 2020 (average: 2.5573), the exchange rate shifted by +1.4486 (+56.65%).

2021 Avg (November) 4.0059
2020 Avg (November) 2.5573

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.4079 2.3227 2.3853
February 2.4369 2.3647 2.4075
March 2.5676 2.4019 2.4477
April 3.6835 2.5160 3.1783
May 3.4557 3.0498 3.2232
June 3.5136 3.0553 3.2886
July 3.8556 3.1720 3.5291
August 4.0916 3.4238 3.8220
September 4.0883 3.7301 3.9848
October 4.1537 3.5541 3.8498
November 4.2825 3.6551 4.0059
December 4.2765 3.6450 4.0519