YEARLY HIGH
62.0349 MKD
YEARLY LOW
61.0080 MKD
YEARLY AVERAGE
61.6009 MKD

2021 EUR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the EUR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 6, valuing the pair at 62.0349. Conversely, the yearly low was recorded on June 16, dropping to 61.0080.

This high-to-low spread represents a total annual volatility of 1.0268 MKD. From a start-to-finish perspective, comparing the January average rate of 61.6105 to the December average rate of 61.6076, the exchange rate registered a net change of -0.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 62.0349 was down 1.80% compared to the 2020 peak of 63.1725, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 310,174 MKD
2020 Average 308,226 MKD
Yearly Trough Low 305,040 MKD
Transaction Impact: A difference of 5,134.06 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

61.6502
61.5307
JanuMarcMayJulySeptNove

EUR 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 61.6093, compared to 61.5925 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.0168 points.

H1 Avg (JanтАУJun) 61.6093
H2 Avg (JulтАУDec) 61.5925

Volatility Range Comparison

Volatility

The most volatile month in 2021 was February, with a trading range of 0.9678 MKD (High: 62.0349 / Low: 61.0670). On the other end, March was the most stable month, with a tight range of 0.3053 MKD (High: 61.8340 / Low: 61.5287).

February Spread (Volatile) ┬▒0.9678
March Spread (Stable) ┬▒0.3053

Growth Streaks & Declines

Trends

Between September and December, 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 August and September, when the average rate fell by 0.0858 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0858

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 61.6401) against the same month in 2020 (average: 61.6300), the exchange rate shifted by +0.0101 (+0.02%).

2021 Avg (February) 61.6401
2020 Avg (February) 61.6300

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Month High Low Average
January 61.7948 61.2139 61.6105
February 62.0349 61.0670 61.6401
March 61.8340 61.5287 61.6402
April 62.0334 61.1837 61.6222
May 62.0096 61.1860 61.6004
June 61.8218 61.0080 61.5423
July 61.7200 61.2795 61.5995
August 61.8770 61.3183 61.6265
September 61.6810 61.3329 61.5407
October 61.7304 61.1192 61.5786
November 61.8494 61.2744 61.6023
December 61.9360 61.1255 61.6076