2021 MKD to CDF Historical Review

YEARLY HIGH

39.7336 CDF

YEARLY LOW

36.2244 CDF

YEARLY AVERAGE

38.2406 CDF

2021 MKD to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 21, valuing the pair at 39.7336. Conversely, the yearly low was recorded on December 7, dropping to 36.2244.

This high-to-low spread represents a total annual volatility of 3.5092 CDF. From a start-to-finish perspective, comparing the January average rate of 38.9738 to the December average rate of 36.7115, the exchange rate registered a net change of -5.80% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 39.7336 was up 0.97% compared to the 2020 peak of 39.3522, 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 198,668 CDF

2020 Average 171,792 CDF

Yearly Trough Low 181,122 CDF

Transaction Impact: A difference of 17,545.83 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

39.6175

36.4473

JanuMarcMayJulySeptNove

MKD to CDF 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 38.8530, compared to 37.6282 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2247 points.

H1 Avg (Jan–Jun) 38.8530

H2 Avg (Jul–Dec) 37.6282

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 1.5582 CDF (High: 39.3095 / Low: 37.7514). On the other end, July was the most stable month, with a tight range of 0.6091 CDF (High: 38.5622 / Low: 37.9531).

April Spread (Volatile) ±1.5582

July Spread (Stable) ±0.6091

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 0.6887 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.6887

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 39.3533) against the same month in 2020 (average: 31.6207), the exchange rate shifted by +7.7326 (+24.45%).

2021 Avg (May) 39.3533

2020 Avg (May) 31.6207

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	39.4213	38.5839	38.9738
February	39.2801	38.4313	38.8591
March	38.9286	37.8266	38.3713
April	39.3095	37.7514	38.6221
May	39.7336	38.8770	39.3533
June	39.5448	38.3153	38.9382
July	38.5622	37.9531	38.2495
August	38.4558	37.6864	37.9749
September	38.3165	37.4617	38.0867
October	38.0425	37.1791	37.6339
November	37.8210	36.3843	37.1129
December	36.8645	36.2244	36.7115