2021 TND to MKD Historical Review

YEARLY HIGH

19.2985 MKD

YEARLY LOW

18.4584 MKD

YEARLY AVERAGE

18.7531 MKD

2021 TND to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TND to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 19.2985. Conversely, the yearly low was recorded on June 10, dropping to 18.4584.

This high-to-low spread represents a total annual volatility of 0.8401 MKD. From a start-to-finish perspective, comparing the January average rate of 18.7690 to the December average rate of 18.9413, the exchange rate registered a net change of 0.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 19.2985 was down 3.64% compared to the 2020 peak of 20.0273, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 96,492 MKD

2020 Average 96,320 MKD

Yearly Trough Low 92,292 MKD

Transaction Impact: A difference of 4,200.48 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

18.9783

18.5347

JanuMarcMayJulySeptNove

TND 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 18.6979, compared to 18.8084 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1105 points.

H1 Avg (Jan–Jun) 18.6979

H2 Avg (Jul–Dec) 18.8084

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.5736 MKD (High: 19.2985 / Low: 18.7249). On the other end, May was the most stable month, with a tight range of 0.1949 MKD (High: 18.6659 / Low: 18.4710).

November Spread (Volatile) ±0.5736

May Spread (Stable) ±0.1949

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 March and April, when the average rate fell by 0.1663 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1663

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 18.9205) against the same month in 2020 (average: 18.9493), the exchange rate shifted by -0.0288 (-0.15%).

2021 Avg (November) 18.9205

2020 Avg (November) 18.9493

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.9102	18.6451	18.7690
February	18.9192	18.5981	18.7872
March	18.8906	18.6641	18.8129
April	18.8468	18.5116	18.6467
May	18.6659	18.4710	18.5717
June	18.7181	18.4584	18.5996
July	18.8050	18.5286	18.6987
August	18.9170	18.5227	18.7811
September	18.9435	18.5931	18.7109
October	18.8886	18.6894	18.7978
November	19.2985	18.7249	18.9205
December	19.1985	18.8694	18.9413

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