2021 MKD to BGN Historical Review

YEARLY HIGH

0.0320 BGN

YEARLY LOW

0.0315 BGN

YEARLY AVERAGE

0.0317 BGN

2021 MKD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on June 16, valuing the pair at 0.0320. Conversely, the yearly low was recorded on May 7, dropping to 0.0315.

This high-to-low spread represents a total annual volatility of 0.0005 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0317 to the December average rate of 0.0318, the exchange rate registered a net change of 0.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0320 was down 0.79% compared to the 2020 peak of 0.0323, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 160 BGN

2020 Average 159 BGN

Yearly Trough Low 158 BGN

Transaction Impact: A difference of 2.49 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0318

0.0317

JanuMarcMayJulySeptNove

MKD to BGN 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 0.0317, compared to 0.0318 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0317

H2 Avg (Jul–Dec) 0.0318

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0004 BGN (High: 0.0319 / Low: 0.0315). On the other end, January was the most stable month, with a tight range of 0.0001 BGN (High: 0.0318 / Low: 0.0317).

May Spread (Volatile) ±0.0004

January Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between February and June, 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 June and July, when the average rate fell by 0.0000 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2021: 0.0318) against the same month in 2020 (average: 0.0317), the exchange rate shifted by +0.0001 (+0.17%).

2021 Avg (June) 0.0318

2020 Avg (June) 0.0317

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0318	0.0317	0.0317
February	0.0319	0.0316	0.0317
March	0.0318	0.0317	0.0317
April	0.0319	0.0316	0.0318
May	0.0319	0.0315	0.0318
June	0.0320	0.0316	0.0318
July	0.0319	0.0317	0.0318
August	0.0319	0.0316	0.0317
September	0.0318	0.0317	0.0318
October	0.0320	0.0317	0.0318
November	0.0319	0.0316	0.0317
December	0.0320	0.0316	0.0318