2021 MKD to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 MKD to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the MKD to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 19.9261. Conversely, the yearly low was recorded on December 10, dropping to 18.3399.
This high-to-low spread represents a total annual volatility of 1.5862 RWF. From a start-to-finish perspective, comparing the January average rate of 19.5118 to the December average rate of 18.7655, the exchange rate registered a net change of -3.82% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 19.9261 was up 0.93% compared to the 2020 peak of 19.7431, 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 RWF 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 19.3971, compared to 19.0559 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3413 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was April, with a trading range of 0.8748 RWF (High: 19.6008 / Low: 18.7260). On the other end, August was the most stable month, with a tight range of 0.4482 RWF (High: 19.4854 / Low: 19.0372).
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 February and March, when the average rate fell by 0.3636 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2021: 19.6312) against the same month in 2020 (average: 16.6391), the exchange rate shifted by +2.9922 (+17.98%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 19.7429 | 19.2075 | 19.5118 |
| February | 19.6301 | 19.1317 | 19.4189 |
| March | 19.4278 | 18.7346 | 19.0553 |
| April | 19.6008 | 18.7260 | 19.2617 |
| May | 19.9261 | 19.3209 | 19.6312 |
| June | 19.8236 | 19.0629 | 19.5039 |
| July | 19.4697 | 18.9069 | 19.2654 |
| August | 19.4854 | 19.0372 | 19.2468 |
| September | 19.4758 | 18.9605 | 19.2580 |
| October | 19.2285 | 18.7224 | 18.9907 |
| November | 19.0771 | 18.4398 | 18.8088 |
| December | 19.1977 | 18.3399 | 18.7655 |