2021 MKD to NZD Historical Review

YEARLY HIGH

0.0280 NZD

YEARLY LOW

0.0262 NZD

YEARLY AVERAGE

0.0272 NZD

2021 MKD to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0280. Conversely, the yearly low was recorded on November 17, dropping to 0.0262.

This high-to-low spread represents a total annual volatility of 0.0018 NZD. From a start-to-finish perspective, comparing the January average rate of 0.0275 to the December average rate of 0.0270, the exchange rate registered a net change of -1.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0280 was down 10.28% compared to the 2020 peak of 0.0312, 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 140 NZD

2020 Average 143 NZD

Yearly Trough Low 131 NZD

Transaction Impact: A difference of 9.00 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0277

0.0263

JanuMarcMayJulySeptNove

MKD to NZD 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 0.0273, compared to 0.0270 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0273

H2 Avg (Jul–Dec) 0.0270

Volatility Range Comparison

Volatility

The most volatile month in 2021 was October, with a trading range of 0.0009 NZD (High: 0.0271 / Low: 0.0263). On the other end, July was the most stable month, with a tight range of 0.0004 NZD (High: 0.0277 / Low: 0.0273).

October Spread (Volatile) ±0.0009

July Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0004 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 0.0275) against the same month in 2020 (average: 0.0273), the exchange rate shifted by +0.0002 (+0.65%).

2021 Avg (January) 0.0275

2020 Avg (January) 0.0273

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0280	0.0273	0.0275
February	0.0273	0.0265	0.0271
March	0.0275	0.0268	0.0271
April	0.0275	0.0270	0.0273
May	0.0277	0.0269	0.0273
June	0.0279	0.0273	0.0276
July	0.0277	0.0273	0.0275
August	0.0278	0.0271	0.0274
September	0.0275	0.0269	0.0271
October	0.0271	0.0263	0.0267
November	0.0270	0.0262	0.0264
December	0.0273	0.0268	0.0270