2021 MKD to CNY Historical Review

YEARLY HIGH

0.1295 CNY

YEARLY LOW

0.1162 CNY

YEARLY AVERAGE

0.1239 CNY

2021 MKD to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.1295. Conversely, the yearly low was recorded on November 25, dropping to 0.1162.

This high-to-low spread represents a total annual volatility of 0.0133 CNY. From a start-to-finish perspective, comparing the January average rate of 0.1279 to the December average rate of 0.1169, the exchange rate registered a net change of -8.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.1295 was down 3.41% compared to the 2020 peak of 0.1341, 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 648 CNY

2020 Average 639 CNY

Yearly Trough Low 581 CNY

Transaction Impact: A difference of 66.68 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.1290

0.1158

JanuMarcMayJulySeptNove

MKD to CNY 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 0.1266, compared to 0.1213 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0053 points.

H1 Avg (Jan–Jun) 0.1266

H2 Avg (Jul–Dec) 0.1213

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0046 CNY (High: 0.1207 / Low: 0.1162). On the other end, December was the most stable month, with a tight range of 0.0010 CNY (High: 0.1173 / Low: 0.1163).

November Spread (Volatile) ±0.0046

December Spread (Stable) ±0.0010

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 October and November, when the average rate fell by 0.0026 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 0.1279) against the same month in 2020 (average: 0.1250), the exchange rate shifted by +0.0028 (+2.28%).

2021 Avg (January) 0.1279

2020 Avg (January) 0.1250

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1295	0.1264	0.1279
February	0.1281	0.1256	0.1268
March	0.1269	0.1247	0.1257
April	0.1277	0.1252	0.1266
May	0.1277	0.1261	0.1268
June	0.1267	0.1244	0.1257
July	0.1250	0.1236	0.1243
August	0.1250	0.1232	0.1237
September	0.1246	0.1212	0.1235
October	0.1216	0.1201	0.1209
November	0.1207	0.1162	0.1183
December	0.1173	0.1163	0.1169