2021 MKD to INR Historical Review

YEARLY HIGH

1.4758 INR

YEARLY LOW

1.3552 INR

YEARLY AVERAGE

1.4195 INR

2021 MKD to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 20, valuing the pair at 1.4758. Conversely, the yearly low was recorded on November 25, dropping to 1.3552.

This high-to-low spread represents a total annual volatility of 0.1206 INR. From a start-to-finish perspective, comparing the January average rate of 1.4438 to the December average rate of 1.3839, the exchange rate registered a net change of -4.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.4758 was up 0.46% compared to the 2020 peak of 1.4690, 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 7,379 INR

2020 Average 6,866 INR

Yearly Trough Low 6,776 INR

Transaction Impact: A difference of 602.99 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.4525

1.3722

JanuMarcMayJulySeptNove

MKD to INR 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 1.4344, compared to 1.4046 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0298 points.

H1 Avg (Jan–Jun) 1.4344

H2 Avg (Jul–Dec) 1.4046

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0787 INR (High: 1.4758 / Low: 1.3971). On the other end, July was the most stable month, with a tight range of 0.0171 INR (High: 1.4385 / Low: 1.4214).

April Spread (Volatile) ±0.0787

July Spread (Stable) ±0.0171

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0321 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0321

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 1.4458) against the same month in 2020 (average: 1.3435), the exchange rate shifted by +0.1023 (+7.62%).

2021 Avg (April) 1.4458

2020 Avg (April) 1.3435

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4635	1.4323	1.4438
February	1.4549	1.4138	1.4290
March	1.4371	1.3847	1.4051
April	1.4758	1.3971	1.4458
May	1.4556	1.4336	1.4432
June	1.4515	1.4328	1.4396
July	1.4385	1.4214	1.4308
August	1.4388	1.4010	1.4155
September	1.4177	1.3957	1.4077
October	1.4182	1.3931	1.4110
November	1.4087	1.3552	1.3789
December	1.4007	1.3680	1.3839