YEARLY HIGH
0.7379 MKD
YEARLY LOW
0.6776 MKD
YEARLY AVERAGE
0.7047 MKD

2021 INR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the INR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 25, valuing the pair at 0.7379. Conversely, the yearly low was recorded on April 20, dropping to 0.6776.

This high-to-low spread represents a total annual volatility of 0.0603 MKD. From a start-to-finish perspective, comparing the January average rate of 0.6926 to the December average rate of 0.7226, the exchange rate registered a net change of 4.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.7379 was down 7.47% compared to the 2020 peak of 0.7975, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 INR based on timing:

Yearly Peak High 184,473 MKD
2020 Average 182,364 MKD
Yearly Trough Low 169,399 MKD
Transaction Impact: A difference of 15,074.52 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.7286
0.6885
JanuMarcMayJulySeptNove

INR 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 0.6973, compared to 0.7121 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.0148 points.

H1 Avg (JanтАУJun) 0.6973
H2 Avg (JulтАУDec) 0.7121

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0382 MKD (High: 0.7158 / Low: 0.6776). On the other end, July was the most stable month, with a tight range of 0.0084 MKD (High: 0.7035 / Low: 0.6952).

April Spread (Volatile) ┬▒0.0382
July Spread (Stable) ┬▒0.0084

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0199 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0199

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 0.7253) against the same month in 2020 (average: 0.7013), the exchange rate shifted by +0.0240 (+3.42%).

2021 Avg (November) 0.7253
2020 Avg (November) 0.7013

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 0.6982 0.6833 0.6926
February 0.7073 0.6873 0.6998
March 0.7222 0.6958 0.7118
April 0.7158 0.6776 0.6919
May 0.6975 0.6870 0.6929
June 0.6979 0.6889 0.6946
July 0.7035 0.6952 0.6989
August 0.7138 0.6950 0.7065
September 0.7165 0.7054 0.7104
October 0.7178 0.7051 0.7087
November 0.7379 0.7099 0.7253
December 0.7310 0.7139 0.7226