2021 MKD to SGD Historical Review

YEARLY HIGH

0.0264 SGD

YEARLY LOW

0.0248 SGD

YEARLY AVERAGE

0.0258 SGD

2021 MKD to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 21, valuing the pair at 0.0264. Conversely, the yearly low was recorded on December 31, dropping to 0.0248.

This high-to-low spread represents a total annual volatility of 0.0017 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0262 to the December average rate of 0.0250, the exchange rate registered a net change of -4.46% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0264 was down 0.14% compared to the 2020 peak of 0.0265, 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 132 SGD

2020 Average 128 SGD

Yearly Trough Low 124 SGD

Transaction Impact: A difference of 8.37 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0263

0.0249

JanuMarcMayJulySeptNove

MKD to SGD 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 0.0261, compared to 0.0255 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0261

H2 Avg (Jul–Dec) 0.0255

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0006 SGD (High: 0.0261 / Low: 0.0256). On the other end, October was the most stable month, with a tight range of 0.0002 SGD (High: 0.0256 / Low: 0.0254).

April Spread (Volatile) ±0.0006

October Spread (Stable) ±0.0002

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 September and October, when the average rate fell by 0.0003 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 0.0262) against the same month in 2020 (average: 0.0251), the exchange rate shifted by +0.0011 (+4.40%).

2021 Avg (May) 0.0262

2020 Avg (May) 0.0251

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0264	0.0260	0.0262
February	0.0263	0.0259	0.0261
March	0.0261	0.0256	0.0259
April	0.0261	0.0256	0.0259
May	0.0264	0.0260	0.0262
June	0.0263	0.0259	0.0261
July	0.0262	0.0258	0.0260
August	0.0262	0.0257	0.0259
September	0.0259	0.0255	0.0258
October	0.0256	0.0254	0.0254
November	0.0254	0.0249	0.0251
December	0.0252	0.0248	0.0250