2021 MKD to BWP Historical Review

YEARLY HIGH

0.2195 BWP

YEARLY LOW

0.2084 BWP

YEARLY AVERAGE

0.2128 BWP

2021 MKD to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 0.2195. Conversely, the yearly low was recorded on June 13, dropping to 0.2084.

This high-to-low spread represents a total annual volatility of 0.0110 BWP. From a start-to-finish perspective, comparing the January average rate of 0.2167 to the December average rate of 0.2152, the exchange rate registered a net change of -0.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.2195 was down 3.18% compared to the 2020 peak of 0.2267, 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 1,097 BWP

2020 Average 1,060 BWP

Yearly Trough Low 1,042 BWP

Transaction Impact: A difference of 55.20 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.2174

0.2089

JanuMarcMayJulySeptNove

MKD to BWP 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 0.2128, compared to 0.2128 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) 0.2128

H2 Avg (Jul–Dec) 0.2128

Volatility Range Comparison

Volatility

The most volatile month in 2021 was August, with a trading range of 0.0057 BWP (High: 0.2157 / Low: 0.2100). On the other end, June was the most stable month, with a tight range of 0.0031 BWP (High: 0.2115 / Low: 0.2084).

August Spread (Volatile) ±0.0057

June Spread (Stable) ±0.0031

Growth Streaks & Declines

Trends

Between September and December, 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 January and February, when the average rate fell by 0.0029 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 0.2167) against the same month in 2020 (average: 0.1936), the exchange rate shifted by +0.0231 (+11.92%).

2021 Avg (January) 0.2167

2020 Avg (January) 0.1936

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2195	0.2138	0.2167
February	0.2159	0.2117	0.2138
March	0.2159	0.2107	0.2133
April	0.2138	0.2098	0.2114
May	0.2135	0.2095	0.2119
June	0.2115	0.2084	0.2096
July	0.2138	0.2085	0.2112
August	0.2157	0.2100	0.2128
September	0.2146	0.2094	0.2118
October	0.2155	0.2101	0.2119
November	0.2165	0.2109	0.2139
December	0.2171	0.2131	0.2152