YEARLY HIGH
0.0192 MKD
YEARLY LOW
0.0176 MKD
YEARLY AVERAGE
0.0183 MKD

2021 MNT to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MNT to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 0.0192. Conversely, the yearly low was recorded on January 5, dropping to 0.0176.

This high-to-low spread represents a total annual volatility of 0.0017 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0177 to the December average rate of 0.0191, the exchange rate registered a net change of 7.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0192 was down 7.52% compared to the 2020 peak of 0.0208, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MNT based on timing:

Yearly Peak High 96 MKD
2020 Average 96 MKD
Yearly Trough Low 88 MKD
Transaction Impact: A difference of 8.44 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0192
0.0176
JanuMarcMayJulySeptNove

MNT to MKD 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 0.0179, compared to 0.0186 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.0007 points.

H1 Avg (JanтАУJun) 0.0179
H2 Avg (JulтАУDec) 0.0186

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0006 MKD (High: 0.0192 / Low: 0.0186). On the other end, December was the most stable month, with a tight range of 0.0002 MKD (High: 0.0192 / Low: 0.0190).

November Spread (Volatile) ┬▒0.0006
December Spread (Stable) ┬▒0.0002

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0003 points.

Longest Streak 7 Mo.
Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 0.0189) against the same month in 2020 (average: 0.0183), the exchange rate shifted by +0.0006 (+3.46%).

2021 Avg (November) 0.0189
2020 Avg (November) 0.0183

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Month High Low Average
January 0.0179 0.0176 0.0177
February 0.0181 0.0177 0.0179
March 0.0184 0.0179 0.0182
April 0.0184 0.0178 0.0181
May 0.0180 0.0176 0.0178
June 0.0182 0.0177 0.0180
July 0.0184 0.0181 0.0183
August 0.0185 0.0181 0.0184
September 0.0187 0.0182 0.0184
October 0.0188 0.0185 0.0186
November 0.0192 0.0186 0.0189
December 0.0192 0.0190 0.0191