2021 MKD to BZD Historical Review

YEARLY HIGH

0.0403 BZD

YEARLY LOW

0.0367 BZD

YEARLY AVERAGE

0.0387 BZD

2021 MKD to BZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to BZD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.0403. Conversely, the yearly low was recorded on November 24, dropping to 0.0367.

This high-to-low spread represents a total annual volatility of 0.0037 BZD. From a start-to-finish perspective, comparing the January average rate of 0.0398 to the December average rate of 0.0370, the exchange rate registered a net change of -7.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0403 was up 0.16% compared to the 2020 peak of 0.0402, 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 202 BZD

2020 Average 187 BZD

Yearly Trough Low 183 BZD

Transaction Impact: A difference of 18.26 BZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0401

0.0367

JanuMarcMayJulySeptNove

MKD to BZD 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 0.0394, compared to 0.0380 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.0394

H2 Avg (Jul–Dec) 0.0380

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0013 BZD (High: 0.0397 / Low: 0.0384). On the other end, December was the most stable month, with a tight range of 0.0003 BZD (High: 0.0371 / Low: 0.0368).

April Spread (Volatile) ±0.0013

December Spread (Stable) ±0.0003

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 0.0007 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 0.0398) against the same month in 2020 (average: 0.0364), the exchange rate shifted by +0.0034 (+9.43%).

2021 Avg (January) 0.0398

2020 Avg (January) 0.0364

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0403	0.0395	0.0398
February	0.0398	0.0391	0.0396
March	0.0395	0.0383	0.0389
April	0.0397	0.0384	0.0391
May	0.0401	0.0393	0.0397
June	0.0400	0.0389	0.0394
July	0.0390	0.0385	0.0387
August	0.0390	0.0382	0.0385
September	0.0389	0.0379	0.0386
October	0.0382	0.0377	0.0380
November	0.0380	0.0367	0.0373
December	0.0371	0.0368	0.0370