2021 MKD to PHP Historical Review

YEARLY HIGH

0.9752 PHP

YEARLY LOW

0.9098 PHP

YEARLY AVERAGE

0.9459 PHP

2021 MKD to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 0.9752. Conversely, the yearly low was recorded on December 19, dropping to 0.9098.

This high-to-low spread represents a total annual volatility of 0.0654 PHP. From a start-to-finish perspective, comparing the January average rate of 0.9494 to the December average rate of 0.9233, the exchange rate registered a net change of -2.74% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.9752 was up 1.72% compared to the 2020 peak of 0.9587, 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 4,876 PHP

2020 Average 4,591 PHP

Yearly Trough Low 4,549 PHP

Transaction Impact: A difference of 327.02 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.9644

0.9196

JanuMarcMayJulySeptNove

MKD to PHP 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 0.9434, compared to 0.9483 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0049 points.

H1 Avg (Jan–Jun) 0.9434

H2 Avg (Jul–Dec) 0.9483

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0383 PHP (High: 0.9537 / Low: 0.9154). On the other end, October was the most stable month, with a tight range of 0.0101 PHP (High: 0.9595 / Low: 0.9493).

November Spread (Volatile) ±0.0383

October Spread (Stable) ±0.0101

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 0.0228 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0228

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2021: 0.9607) against the same month in 2020 (average: 0.9182), the exchange rate shifted by +0.0425 (+4.63%).

2021 Avg (July) 0.9607

2020 Avg (July) 0.9182

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9613	0.9411	0.9494
February	0.9681	0.9329	0.9476
March	0.9507	0.9227	0.9370
April	0.9559	0.9215	0.9403
May	0.9577	0.9345	0.9442
June	0.9480	0.9372	0.9420
July	0.9752	0.9452	0.9607
August	0.9702	0.9328	0.9587
September	0.9708	0.9537	0.9602
October	0.9595	0.9493	0.9549
November	0.9537	0.9154	0.9322
December	0.9429	0.9098	0.9233