YEARLY HIGH
1.4688 BTN
YEARLY LOW
1.3517 BTN
YEARLY AVERAGE
1.4184 BTN

2021 MKD to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 26, valuing the pair at 1.4688. Conversely, the yearly low was recorded on November 24, dropping to 1.3517.

This high-to-low spread represents a total annual volatility of 0.1171 BTN. From a start-to-finish perspective, comparing the January average rate of 1.4438 to the December average rate of 1.3819, the exchange rate registered a net change of -4.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.4688 was down 0.08% compared to the 2020 peak of 1.4700, 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 7,344 BTN
2020 Average 6,861 BTN
Yearly Trough Low 6,759 BTN
Transaction Impact: A difference of 585.32 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.4504
1.3716
JanuMarcMayJulySeptNove

MKD to BTN 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 1.4330, compared to 1.4038 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.0292 points.

H1 Avg (JanтАУJun) 1.4330
H2 Avg (JulтАУDec) 1.4038

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0697 BTN (High: 1.4688 / Low: 1.3991). On the other end, July was the most stable month, with a tight range of 0.0164 BTN (High: 1.4372 / Low: 1.4207).

April Spread (Volatile) ┬▒0.0697
July Spread (Stable) ┬▒0.0164

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0318 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0318

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 1.4428) against the same month in 2020 (average: 1.3418), the exchange rate shifted by +0.1010 (+7.52%).

2021 Avg (April) 1.4428
2020 Avg (April) 1.3418

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 1.4633 1.4297 1.4438
February 1.4374 1.4139 1.4260
March 1.4383 1.3832 1.4032
April 1.4688 1.3991 1.4428
May 1.4626 1.4350 1.4436
June 1.4490 1.4291 1.4386
July 1.4372 1.4207 1.4296
August 1.4374 1.3992 1.4164
September 1.4146 1.3947 1.4065
October 1.4193 1.3926 1.4100
November 1.4100 1.3517 1.3782
December 1.3993 1.3657 1.3819