2021 MKD to TRY Historical Review

YEARLY HIGH

0.3040 TRY

YEARLY LOW

0.1363 TRY

YEARLY AVERAGE

0.1699 TRY

2021 MKD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 0.3040. Conversely, the yearly low was recorded on February 17, dropping to 0.1363.

This high-to-low spread represents a total annual volatility of 0.1677 TRY. From a start-to-finish perspective, comparing the January average rate of 0.1461 to the December average rate of 0.2470, the exchange rate registered a net change of 68.99% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.3040 was up 85.24% compared to the 2020 peak of 0.1641, 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 1,520 TRY

2020 Average 652 TRY

Yearly Trough Low 682 TRY

Transaction Impact: A difference of 838.41 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.2577

0.1286

JanuMarcMayJulySeptNove

MKD to TRY 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 0.1545, compared to 0.1853 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0308 points.

H1 Avg (Jan–Jun) 0.1545

H2 Avg (Jul–Dec) 0.1853

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.1073 TRY (High: 0.3040 / Low: 0.1967). On the other end, January was the most stable month, with a tight range of 0.0044 TRY (High: 0.1477 / Low: 0.1432).

December Spread (Volatile) ±0.1073

January Spread (Stable) ±0.0044

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0067 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0067

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 0.2470) against the same month in 2020 (average: 0.1521), the exchange rate shifted by +0.0948 (+62.35%).

2021 Avg (December) 0.2470

2020 Avg (December) 0.1521

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1477	0.1432	0.1461
February	0.1468	0.1363	0.1394
March	0.1584	0.1395	0.1485
April	0.1653	0.1549	0.1589
May	0.1699	0.1616	0.1654
June	0.1724	0.1652	0.1689
July	0.1674	0.1630	0.1650
August	0.1654	0.1593	0.1619
September	0.1694	0.1597	0.1639
October	0.1837	0.1665	0.1741
November	0.2485	0.1797	0.1999
December	0.3040	0.1967	0.2470