2021 MKD to SYP Historical Review

YEARLY HIGH

46.2675 SYP

YEARLY LOW

9.8585 SYP

YEARLY AVERAGE

23.5412 SYP

2021 MKD to SYP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 46.2675. Conversely, the yearly low was recorded on March 8, dropping to 9.8585.

This high-to-low spread represents a total annual volatility of 36.4090 SYP. From a start-to-finish perspective, comparing the January average rate of 10.1280 to the December average rate of 46.1066, the exchange rate registered a net change of 355.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 46.2675 was up 351.94% compared to the 2020 peak of 10.2375, 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 231,337 SYP

2020 Average 47,539 SYP

Yearly Trough Low 49,293 SYP

Transaction Impact: A difference of 182,044.83 SYP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

49.7112

6.4567

JanuMarcMayJulySeptNove

MKD to SYP 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 18.0050, compared to 29.0774 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 11.0724 points.

H1 Avg (Jan–Jun) 18.0050

H2 Avg (Jul–Dec) 29.0774

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 23.1763 SYP (High: 46.2338 / Low: 23.0575). On the other end, February was the most stable month, with a tight range of 0.1836 SYP (High: 10.1419 / Low: 9.9583).

November Spread (Volatile) ±23.1763

February Spread (Stable) ±0.1836

Growth Streaks & Declines

Trends

Between February and May, 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 June and July, when the average rate fell by 0.4514 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4514

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 46.1066) against the same month in 2020 (average: 10.1297), the exchange rate shifted by +35.9769 (+355.16%).

2021 Avg (December) 46.1066

2020 Avg (December) 10.1297

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.2607	10.0438	10.1280
February	10.1419	9.9583	10.0612
March	24.1000	9.8585	14.0315
April	24.7902	23.9745	24.4129
May	25.0353	24.5093	24.7985
June	24.9461	24.2352	24.5979
July	24.3183	24.0160	24.1465
August	24.3218	23.8354	24.0186
September	24.2678	23.6361	24.0543
October	23.8363	23.5253	23.6783
November	46.2338	23.0575	32.4602
December	46.2675	45.8227	46.1066