YEARLY HIGH
7.9764 MKD
YEARLY LOW
7.2515 MKD
YEARLY AVERAGE
7.5461 MKD

2021 BOB to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the BOB to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 7.9764. Conversely, the yearly low was recorded on June 7, dropping to 7.2515.

This high-to-low spread represents a total annual volatility of 0.7249 MKD. From a start-to-finish perspective, comparing the January average rate of 7.3493 to the December average rate of 7.8975, the exchange rate registered a net change of 7.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 7.9764 was down 5.10% compared to the 2020 peak of 8.4049, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BOB based on timing:

Yearly Peak High 39,882 MKD
2020 Average 39,160 MKD
Yearly Trough Low 36,258 MKD
Transaction Impact: A difference of 3,624.26 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

7.9523
7.2945
JanuMarcMayJulySeptNove

BOB to MKD 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: JanтАУJun) was 7.4051, compared to 7.6872 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.2821 points.

H1 Avg (JanтАУJun) 7.4051
H2 Avg (JulтАУDec) 7.6872

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.2907 MKD (High: 7.9764 / Low: 7.6857). On the other end, December was the most stable month, with a tight range of 0.0662 MKD (High: 7.9303 / Low: 7.8641).

November Spread (Volatile) ┬▒0.2907
December Spread (Stable) ┬▒0.0662

Growth Streaks & Declines

Trends

Between May and August, 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 April and May, when the average rate fell by 0.1120 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.1120

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 7.8289) against the same month in 2020 (average: 7.5468), the exchange rate shifted by +0.2821 (+3.74%).

2021 Avg (November) 7.8289
2020 Avg (November) 7.5468

рдорд╛рд╕рд┐рдХ рд╡рд┐рд╢реНрд▓реЗрд╖рдг

рдкреНрд░рддреНрдпреЗрдХ рдХреЕрд▓реЗрдВрдбрд░ рдорд╣рд┐рдиреНрдпрд╛рд╕рд╛рдареА рд╕рд╛рдВрдЦреНрдпрд┐рдХреАрдп рд╕рд╛рд░рд╛рдВрд╢.

Month High Low Average
January 7.4200 7.2687 7.3493
February 7.4560 7.3285 7.3775
March 7.6095 7.3822 7.5003
April 7.5917 7.3386 7.4616
May 7.4394 7.2799 7.3496
June 7.5079 7.2515 7.3923
July 7.5977 7.4887 7.5457
August 7.6314 7.4874 7.5856
September 7.7049 7.5118 7.5743
October 7.7357 7.6389 7.6912
November 7.9764 7.6857 7.8289
December 7.9303 7.8641 7.8975