YEARLY HIGH
0.0791 PEN
YEARLY LOW
0.0693 PEN
YEARLY AVERAGE
0.0745 PEN

2021 MKD to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 3, valuing the pair at 0.0791. Conversely, the yearly low was recorded on April 9, dropping to 0.0693.

This high-to-low spread represents a total annual volatility of 0.0098 PEN. From a start-to-finish perspective, comparing the January average rate of 0.0716 to the December average rate of 0.0742, the exchange rate registered a net change of 3.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0791 was up 9.49% compared to the 2020 peak of 0.0723, 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 396 PEN
2020 Average 324 PEN
Yearly Trough Low 347 PEN
Transaction Impact: A difference of 48.89 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0793
0.0708
JanuMarcMayJulySeptNove

MKD to PEN 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 0.0729, compared to 0.0761 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.0032 points.

H1 Avg (JanтАУJun) 0.0729
H2 Avg (JulтАУDec) 0.0761

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0059 PEN (High: 0.0753 / Low: 0.0693). On the other end, March was the most stable month, with a tight range of 0.0008 PEN (High: 0.0720 / Low: 0.0712).

April Spread (Volatile) ┬▒0.0059
March Spread (Stable) ┬▒0.0008

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0029 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2021: 0.0786) against the same month in 2020 (average: 0.0680), the exchange rate shifted by +0.0105 (+15.50%).

2021 Avg (September) 0.0786
2020 Avg (September) 0.0680

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 0.0726 0.0708 0.0716
February 0.0721 0.0707 0.0715
March 0.0720 0.0712 0.0716
April 0.0753 0.0693 0.0716
May 0.0764 0.0718 0.0743
June 0.0775 0.0757 0.0765
July 0.0767 0.0745 0.0756
August 0.0784 0.0759 0.0779
September 0.0791 0.0777 0.0786
October 0.0779 0.0738 0.0757
November 0.0756 0.0730 0.0744
December 0.0751 0.0730 0.0742