2021 ILS to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 ILS to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the ILS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 17.7600. Conversely, the yearly low was recorded on February 27, dropping to 15.2782.
This high-to-low spread represents a total annual volatility of 2.4818 MKD. From a start-to-finish perspective, comparing the January average rate of 15.6709 to the December average rate of 17.3931, the exchange rate registered a net change of 10.99% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 17.7600 was up 6.48% compared to the 2020 peak of 16.6797, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ILS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
ILS to MKD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 15.6403, compared to 16.6175 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9772 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was November, with a trading range of 0.8033 MKD (High: 17.7600 / Low: 16.9567). On the other end, April was the most stable month, with a tight range of 0.2354 MKD (High: 15.8395 / Low: 15.6040).
Growth Streaks & Declines
TrendsBetween May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.1450 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2021: 17.3068) against the same month in 2020 (average: 15.4969), the exchange rate shifted by +1.8098 (+11.68%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16.1914 | 15.4710 | 15.6709 |
| February | 15.7196 | 15.2782 | 15.5670 |
| March | 15.7965 | 15.4491 | 15.6195 |
| April | 15.8395 | 15.6040 | 15.7062 |
| May | 15.7793 | 15.4173 | 15.5612 |
| June | 15.9278 | 15.5197 | 15.7169 |
| July | 16.0530 | 15.8118 | 15.9204 |
| August | 16.3066 | 16.0191 | 16.2391 |
| September | 16.4898 | 16.1739 | 16.3099 |
| October | 16.7492 | 16.4331 | 16.5356 |
| November | 17.7600 | 16.9567 | 17.3068 |
| December | 17.6239 | 17.2118 | 17.3931 |