YEARLY HIGH
1.9243 RSD
YEARLY LOW
1.8970 RSD
YEARLY AVERAGE
1.9088 RSD

2021 MKD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 1.9243. Conversely, the yearly low was recorded on March 4, dropping to 1.8970.

This high-to-low spread represents a total annual volatility of 0.0273 RSD. From a start-to-finish perspective, comparing the January average rate of 1.9113 to the December average rate of 1.9088, the exchange rate registered a net change of -0.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.9243 was down 0.93% compared to the 2020 peak of 1.9423, 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 9,622 RSD
2020 Average 9,540 RSD
Yearly Trough Low 9,485 RSD
Transaction Impact: A difference of 136.40 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.9117
1.9068
JanuMarcMayJulySeptNove

MKD to RSD 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 1.9092, compared to 1.9085 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.0007 points.

H1 Avg (JanтАУJun) 1.9092
H2 Avg (JulтАУDec) 1.9085

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.0257 RSD (High: 1.9243 / Low: 1.8986). On the other end, August was the most stable month, with a tight range of 0.0120 RSD (High: 1.9129 / Low: 1.9010).

December Spread (Volatile) ┬▒0.0257
August Spread (Stable) ┬▒0.0120

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 January and February, when the average rate fell by 0.0031 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0031

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 1.9088) against the same month in 2020 (average: 1.9080), the exchange rate shifted by +0.0008 (+0.04%).

2021 Avg (December) 1.9088
2020 Avg (December) 1.9080

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 1.9236 1.9047 1.9113
February 1.9188 1.8974 1.9082
March 1.9214 1.8970 1.9072
April 1.9230 1.9018 1.9108
May 1.9162 1.8999 1.9095
June 1.9149 1.8988 1.9082
July 1.9147 1.8988 1.9081
August 1.9129 1.9010 1.9077
September 1.9143 1.9020 1.9093
October 1.9209 1.9030 1.9079
November 1.9198 1.9007 1.9090
December 1.9243 1.8986 1.9088