2021 MKD to BIF Historical Review

YEARLY HIGH

39.2913 BIF

YEARLY LOW

36.2189 BIF

YEARLY AVERAGE

37.9150 BIF

2021 MKD to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 39.2913. Conversely, the yearly low was recorded on November 25, dropping to 36.2189.

This high-to-low spread represents a total annual volatility of 3.0725 BIF. From a start-to-finish perspective, comparing the January average rate of 38.4438 to the December average rate of 36.6591, the exchange rate registered a net change of -4.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 39.2913 was up 1.36% compared to the 2020 peak of 38.7636, 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 196,457 BIF

2020 Average 177,395 BIF

Yearly Trough Low 181,094 BIF

Transaction Impact: A difference of 15,362.33 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

39.0460

36.4421

JanuMarcMayJulySeptNove

MKD to BIF 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 38.3188, compared to 37.5111 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8077 points.

H1 Avg (Jan–Jun) 38.3188

H2 Avg (Jul–Dec) 37.5111

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 1.4693 BIF (High: 38.5630 / Low: 37.0937). On the other end, December was the most stable month, with a tight range of 0.3410 BIF (High: 36.8187 / Low: 36.4777).

April Spread (Volatile) ±1.4693

December Spread (Stable) ±0.3410

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.6425 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.6425

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 38.8290) against the same month in 2020 (average: 33.6882), the exchange rate shifted by +5.1408 (+15.26%).

2021 Avg (May) 38.8290

2020 Avg (May) 33.6882

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.8557	38.0596	38.4438
February	38.5092	37.8573	38.2738
March	38.2862	37.1768	37.7442
April	38.5630	37.0937	37.9282
May	39.2913	38.0865	38.8290
June	39.1925	38.1541	38.6939
July	38.3099	37.8282	38.0515
August	38.3362	37.6118	37.8886
September	38.2997	37.4129	38.0388
October	37.8099	37.2241	37.5230
November	37.5336	36.2189	36.9056
December	36.8187	36.4777	36.6591