2021 BWP to MKD Historical Review

YEARLY HIGH

4.7976 MKD

YEARLY LOW

4.5562 MKD

YEARLY AVERAGE

4.7000 MKD

2021 BWP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the BWP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 11, valuing the pair at 4.7976. Conversely, the yearly low was recorded on January 12, dropping to 4.5562.

This high-to-low spread represents a total annual volatility of 0.2413 MKD. From a start-to-finish perspective, comparing the January average rate of 4.6149 to the December average rate of 4.6473, the exchange rate registered a net change of 0.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 4.7976 was down 7.80% compared to the 2020 peak of 5.2035, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 23,988 MKD

2020 Average 23,639 MKD

Yearly Trough Low 22,781 MKD

Transaction Impact: A difference of 1,206.71 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

4.7868

4.5993

JanuMarcMayJulySeptNove

BWP 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: Jan–Jun) was 4.7002, compared to 4.6998 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) 4.7002

H2 Avg (Jul–Dec) 4.6998

Volatility Range Comparison

Volatility

The most volatile month in 2021 was August, with a trading range of 0.1257 MKD (High: 4.7621 / Low: 4.6364). On the other end, June was the most stable month, with a tight range of 0.0694 MKD (High: 4.7976 / Low: 4.7282).

August Spread (Volatile) ±0.1257

June Spread (Stable) ±0.0694

Growth Streaks & Declines

Trends

Between January and April, 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 October and November, when the average rate fell by 0.0455 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0455

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2021: 4.7712) against the same month in 2020 (average: 4.6804), the exchange rate shifted by +0.0908 (+1.94%).

2021 Avg (June) 4.7712

2020 Avg (June) 4.6804

मासिक विश्लेषण

प्रत्येक कॅलेंडर महिन्यासाठी सांख्यिकीय सारांश.

Month	High	Low	Average
January	4.6771	4.5562	4.6149
February	4.7238	4.6312	4.6784
March	4.7451	4.6310	4.6878
April	4.7671	4.6780	4.7296
May	4.7732	4.6837	4.7195
June	4.7976	4.7282	4.7712
July	4.7957	4.6769	4.7347
August	4.7621	4.6364	4.7004
September	4.7753	4.6591	4.7216
October	4.7600	4.6399	4.7200
November	4.7410	4.6191	4.6745
December	4.6924	4.6067	4.6473

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