2021 MKD to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 MKD to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the MKD to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 10, valuing the pair at 76.0769. Conversely, the yearly low was recorded on January 16, dropping to 67.7471.
This high-to-low spread represents a total annual volatility of 8.3299 COP. From a start-to-finish perspective, comparing the January average rate of 68.9319 to the December average rate of 72.8795, the exchange rate registered a net change of 5.73% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 76.0769 was up 2.68% compared to the 2020 peak of 74.0948, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
MKD to COP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 70.8379, compared to 72.8354 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.9975 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was April, with a trading range of 3.9960 COP (High: 73.3481 / Low: 69.3520). On the other end, September was the most stable month, with a tight range of 1.8419 COP (High: 73.9285 / Low: 72.0866).
Growth Streaks & Declines
TrendsBetween 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 September and October, when the average rate fell by 1.9996 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2021: 74.1760) against the same month in 2020 (average: 72.5447), the exchange rate shifted by +1.6313 (+2.25%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 71.1015 | 67.7471 | 68.9319 |
| February | 71.5775 | 68.6004 | 69.7460 |
| March | 71.9441 | 68.2876 | 69.7270 |
| April | 73.3481 | 69.3520 | 70.7340 |
| May | 75.2652 | 72.5455 | 73.6773 |
| June | 73.5887 | 70.8722 | 72.2112 |
| July | 75.3095 | 71.8902 | 73.4737 |
| August | 76.0769 | 73.2078 | 74.1760 |
| September | 73.9285 | 72.0866 | 73.1203 |
| October | 72.0610 | 69.8437 | 71.1207 |
| November | 74.3630 | 70.6104 | 72.2421 |
| December | 74.4141 | 71.1028 | 72.8795 |