YEARLY HIGH
1.8899 ARS
YEARLY LOW
1.6714 ARS
YEARLY AVERAGE
1.8236 ARS

2021 MKD to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 1.8899. Conversely, the yearly low was recorded on January 3, dropping to 1.6714.

This high-to-low spread represents a total annual volatility of 0.2185 ARS. From a start-to-finish perspective, comparing the January average rate of 1.6963 to the December average rate of 1.8690, the exchange rate registered a net change of 10.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.8899 was up 12.52% compared to the 2020 peak of 1.6796, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,450 ARS
2020 Average 6,560 ARS
Yearly Trough Low 8,357 ARS
Transaction Impact: A difference of 1,092.37 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.8969
1.6781
JanuMarcMayJulySeptNove

MKD to ARS 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 1.7847, compared to 1.8625 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.0777 points.

H1 Avg (JanтАУJun) 1.7847
H2 Avg (JulтАУDec) 1.8625

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.1005 ARS (High: 1.8426 / Low: 1.7422). On the other end, March was the most stable month, with a tight range of 0.0330 ARS (High: 1.7731 / Low: 1.7401).

April Spread (Volatile) ┬▒0.1005
March Spread (Stable) ┬▒0.0330

Growth Streaks & Declines

Trends

Between January and June, 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 June and July, when the average rate fell by 0.0151 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0151

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 1.8690) against the same month in 2020 (average: 1.6309), the exchange rate shifted by +0.2381 (+14.60%).

2021 Avg (December) 1.8690
2020 Avg (December) 1.6309

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 1.7169 1.6714 1.6963
February 1.7763 1.7070 1.7403
March 1.7731 1.7401 1.7572
April 1.8426 1.7422 1.7987
May 1.8775 1.8256 1.8542
June 1.8810 1.8430 1.8618
July 1.8704 1.8364 1.8467
August 1.8761 1.8425 1.8556
September 1.8899 1.8560 1.8787
October 1.8895 1.8522 1.8676
November 1.8828 1.8286 1.8573
December 1.8899 1.8531 1.8690