YEARLY HIGH
285.8406 IDR
YEARLY LOW
259.8489 IDR
YEARLY AVERAGE
274.7752 IDR

2021 MKD to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 20, valuing the pair at 285.8406. Conversely, the yearly low was recorded on November 25, dropping to 259.8489.

This high-to-low spread represents a total annual volatility of 25.9917 IDR. From a start-to-finish perspective, comparing the January average rate of 277.6654 to the December average rate of 262.8711, the exchange rate registered a net change of -5.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 285.8406 was down 3.35% compared to the 2020 peak of 295.7530, 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 1,429,203 IDR
2020 Average 1,346,722 IDR
Yearly Trough Low 1,299,245 IDR
Transaction Impact: A difference of 129,958.45 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

284.2078
260.9314
JanuMarcMayJulySeptNove

MKD to IDR 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 279.4415, compared to 270.1088 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 9.3327 points.

H1 Avg (JanтАУJun) 279.4415
H2 Avg (JulтАУDec) 270.1088

Volatility Range Comparison

Volatility

The most volatile month in 2021 was February, with a trading range of 11.2968 IDR (High: 283.3962 / Low: 272.0994). On the other end, October was the most stable month, with a tight range of 4.6158 IDR (High: 269.2206 / Low: 264.6048).

February Spread (Volatile) ┬▒11.2968
October Spread (Stable) ┬▒4.6158

Growth Streaks & Declines

Trends

Between February and April, 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 September and October, when the average rate fell by 5.4775 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -5.4775

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 282.2593) against the same month in 2020 (average: 262.7441), the exchange rate shifted by +19.5152 (+7.43%).

2021 Avg (May) 282.2593
2020 Avg (May) 262.7441

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 281.7709 275.4844 277.6654
February 283.3962 272.0994 275.8083
March 280.4901 275.5773 277.8439
April 285.3246 276.0565 282.2681
May 285.8406 277.1909 282.2593
June 284.5314 277.9525 280.8040
July 281.5106 276.4454 278.4862
August 279.7599 272.9433 274.7410
September 274.8342 269.3212 272.7608
October 269.2206 264.6048 267.2833
November 270.1741 259.8489 264.5105
December 266.7560 260.4374 262.8711