2021 MKD to YER Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 MKD to YER Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the MKD to YER exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 5.0102. Conversely, the yearly low was recorded on November 24, dropping to 4.5493.
This high-to-low spread represents a total annual volatility of 0.4609 YER. From a start-to-finish perspective, comparing the January average rate of 4.9446 to the December average rate of 4.5921, the exchange rate registered a net change of -7.13% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 5.0102 was up 0.26% compared to the 2020 peak of 4.9972, 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 YER 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 4.8956, compared to 4.7202 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1754 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was November, with a trading range of 0.1665 YER (High: 4.7158 / Low: 4.5493). On the other end, December was the most stable month, with a tight range of 0.0452 YER (High: 4.6093 / Low: 4.5640).
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 June and July, when the average rate fell by 0.0865 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2021: 4.9446) against the same month in 2020 (average: 4.5199), the exchange rate shifted by +0.4247 (+9.40%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.0102 | 4.9038 | 4.9446 |
| February | 4.9500 | 4.8613 | 4.9126 |
| March | 4.9109 | 4.7613 | 4.8332 |
| April | 4.9363 | 4.7734 | 4.8603 |
| May | 4.9757 | 4.8799 | 4.9323 |
| June | 4.9592 | 4.8213 | 4.8908 |
| July | 4.8370 | 4.7764 | 4.8043 |
| August | 4.8378 | 4.7460 | 4.7809 |
| September | 4.8399 | 4.7037 | 4.7979 |
| October | 4.7448 | 4.6819 | 4.7129 |
| November | 4.7158 | 4.5493 | 4.6332 |
| December | 4.6093 | 4.5640 | 4.5921 |