YEARLY HIGH
6.2852 MKD
YEARLY LOW
5.7160 MKD
YEARLY AVERAGE
5.9536 MKD

2021 SVC to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the SVC to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 6.2852. Conversely, the yearly low was recorded on January 6, dropping to 5.7160.

This high-to-low spread represents a total annual volatility of 0.5692 MKD. From a start-to-finish perspective, comparing the January average rate of 5.7846 to the December average rate of 6.2267, the exchange rate registered a net change of 7.64% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 6.2852 was down 4.70% compared to the 2020 peak of 6.5952, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 31,426 MKD
2020 Average 30,894 MKD
Yearly Trough Low 28,580 MKD
Transaction Impact: A difference of 2,845.87 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

6.2709
5.7404
JanuMarcMayJulySeptNove

SVC 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 5.8432, compared to 6.0639 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2207 points.

H1 Avg (Jan–Jun) 5.8432
H2 Avg (Jul–Dec) 6.0639

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.2201 MKD (High: 6.2852 / Low: 6.0651). On the other end, December was the most stable month, with a tight range of 0.0498 MKD (High: 6.2526 / Low: 6.2028).

November Spread (Volatile) ±0.2201
December Spread (Stable) ±0.0498

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0922 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0922

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 6.1738) against the same month in 2020 (average: 5.9492), the exchange rate shifted by +0.2246 (+3.78%).

2021 Avg (November) 6.1738
2020 Avg (November) 5.9492

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 5.8300 5.7160 5.7846
February 5.8876 5.7826 5.8240
March 6.0091 5.8259 5.9217
April 5.9995 5.7982 5.8887
May 5.8645 5.7449 5.7965
June 5.9294 5.7607 5.8437
July 5.9871 5.9128 5.9544
August 6.0283 5.9084 5.9842
September 6.0801 5.9234 5.9748
October 6.1092 6.0280 6.0694
November 6.2852 6.0651 6.1738
December 6.2526 6.2028 6.2267