2021 MKD to IRR Historical Review

YEARLY HIGH

842.4690 IRR

YEARLY LOW

768.0600 IRR

YEARLY AVERAGE

809.6871 IRR

2021 MKD to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 842.4690. Conversely, the yearly low was recorded on November 24, dropping to 768.0600.

This high-to-low spread represents a total annual volatility of 74.4090 IRR. From a start-to-finish perspective, comparing the January average rate of 831.5631 to the December average rate of 775.5547, the exchange rate registered a net change of -6.74% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 842.4690 was down 30.45% compared to the 2020 peak of 1211.3474, 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 4,212,345 IRR

2020 Average 3,906,466 IRR

Yearly Trough Low 3,840,300 IRR

Transaction Impact: A difference of 372,045.04 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

837.1640

769.9538

JanuMarcMayJulySeptNove

MKD to IRR 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 823.6109, compared to 795.7633 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 27.8476 points.

H1 Avg (Jan–Jun) 823.6109

H2 Avg (Jul–Dec) 795.7633

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 28.1142 IRR (High: 796.1741 / Low: 768.0600). On the other end, December was the most stable month, with a tight range of 7.5006 IRR (High: 778.0506 / Low: 770.5501).

November Spread (Volatile) ±28.1142

December Spread (Stable) ±7.5006

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 14.4834 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -14.4834

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 831.5631) against the same month in 2020 (average: 760.2311), the exchange rate shifted by +71.3320 (+9.38%).

2021 Avg (January) 831.5631

2020 Avg (January) 760.2311

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	842.4690	824.6569	831.5631
February	832.3553	817.6016	826.1342
March	825.7780	800.7843	812.8504
April	829.9668	802.6532	817.3430
May	838.0093	820.5588	830.2634
June	835.2254	812.1517	823.5111
July	815.2822	804.8256	809.0277
August	815.4282	798.7953	805.4256
September	814.1450	793.5668	807.2459
October	801.0769	789.4190	795.0550
November	796.1741	768.0600	782.2709
December	778.0506	770.5501	775.5547