YEARLY HIGH
77.9357 MGA
YEARLY LOW
71.7445 MGA
YEARLY AVERAGE
73.9700 MGA

2021 MKD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 77.9357. Conversely, the yearly low was recorded on December 22, dropping to 71.7445.

This high-to-low spread represents a total annual volatility of 6.1912 MGA. From a start-to-finish perspective, comparing the January average rate of 75.2015 to the December average rate of 72.8047, the exchange rate registered a net change of -3.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 77.9357 was up 0.77% compared to the 2020 peak of 77.3414, 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 389,678 MGA
2020 Average 353,068 MGA
Yearly Trough Low 358,722 MGA
Transaction Impact: A difference of 30,956.09 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

75.4411
72.5651
JanuMarcMayJulySeptNove

MKD to MGA 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 73.9181, compared to 74.0219 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.1038 points.

H1 Avg (JanтАУJun) 73.9181
H2 Avg (JulтАУDec) 74.0219

Volatility Range Comparison

Volatility

The most volatile month in 2021 was January, with a trading range of 4.2611 MGA (High: 77.9357 / Low: 73.6746). On the other end, May was the most stable month, with a tight range of 1.1447 MGA (High: 74.6881 / Low: 73.5434).

January Spread (Volatile) ┬▒4.2611
May Spread (Stable) ┬▒1.1447

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 January and February, when the average rate fell by 1.3800 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -1.3800

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 75.2015) against the same month in 2020 (average: 66.4601), the exchange rate shifted by +8.7414 (+13.15%).

2021 Avg (January) 75.2015
2020 Avg (January) 66.4601

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Month High Low Average
January 77.9357 73.6746 75.2015
February 74.3919 72.5640 73.8215
March 73.5841 72.2640 72.8472
April 74.8798 72.2999 73.5602
May 74.6881 73.5434 74.1530
June 75.9493 72.7168 73.9250
July 75.2943 72.4228 73.7020
August 75.2153 72.8012 74.3020
September 75.6715 74.4758 75.1514
October 75.3820 73.4130 74.5093
November 74.8394 72.4200 73.6619
December 73.1972 71.7445 72.8047