YEARLY HIGH
0.1770 MAD
YEARLY LOW
0.1683 MAD
YEARLY AVERAGE
0.1726 MAD

2021 MKD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.1770. Conversely, the yearly low was recorded on November 22, dropping to 0.1683.

This high-to-low spread represents a total annual volatility of 0.0087 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1759 to the December average rate of 0.1698, the exchange rate registered a net change of -3.42% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.1770 was down 3.52% compared to the 2020 peak of 0.1834, 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 885 MAD
2020 Average 878 MAD
Yearly Trough Low 841 MAD
Transaction Impact: A difference of 43.57 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.1765
0.1690
JanuMarcMayJulySeptNove

MKD to MAD 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 0.1745, compared to 0.1707 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.0038 points.

H1 Avg (JanтАУJun) 0.1745
H2 Avg (JulтАУDec) 0.1707

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0035 MAD (High: 0.1758 / Low: 0.1723). On the other end, July was the most stable month, with a tight range of 0.0013 MAD (High: 0.1724 / Low: 0.1711).

April Spread (Volatile) ┬▒0.0035
July Spread (Stable) ┬▒0.0013

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0017 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 0.1759) against the same month in 2020 (average: 0.1735), the exchange rate shifted by +0.0024 (+1.38%).

2021 Avg (January) 0.1759
2020 Avg (January) 0.1735

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 0.1770 0.1737 0.1759
February 0.1768 0.1746 0.1755
March 0.1752 0.1725 0.1739
April 0.1758 0.1723 0.1738
May 0.1762 0.1735 0.1746
June 0.1752 0.1718 0.1734
July 0.1724 0.1711 0.1717
August 0.1721 0.1707 0.1713
September 0.1722 0.1704 0.1715
October 0.1717 0.1698 0.1705
November 0.1710 0.1683 0.1696
December 0.1715 0.1686 0.1698