YEARLY HIGH
3.5720 MKD
YEARLY LOW
3.2432 MKD
YEARLY AVERAGE
3.3756 MKD

2021 MVR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MVR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 3.5720. Conversely, the yearly low was recorded on January 6, dropping to 3.2432.

This high-to-low spread represents a total annual volatility of 0.3288 MKD. From a start-to-finish perspective, comparing the January average rate of 3.2872 to the December average rate of 3.5295, the exchange rate registered a net change of 7.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 3.5720 was down 4.25% compared to the 2020 peak of 3.7305, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 17,860 MKD
2020 Average 17,520 MKD
Yearly Trough Low 16,216 MKD
Transaction Impact: A difference of 1,643.85 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

3.5537
3.2630
JanuMarcMayJulySeptNove

MVR 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 3.3143, compared to 3.4369 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.1226 points.

H1 Avg (JanтАУJun) 3.3143
H2 Avg (JulтАУDec) 3.4369

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.1373 MKD (High: 3.5720 / Low: 3.4347). On the other end, December was the most stable month, with a tight range of 0.0456 MKD (High: 3.5605 / Low: 3.5148).

November Spread (Volatile) ┬▒0.1373
December Spread (Stable) ┬▒0.0456

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0444 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0444

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 3.4982) against the same month in 2020 (average: 3.3792), the exchange rate shifted by +0.1190 (+3.52%).

2021 Avg (November) 3.4982
2020 Avg (November) 3.3792

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 3.3154 3.2432 3.2872
February 3.3440 3.2833 3.3082
March 3.4032 3.3109 3.3556
April 3.3953 3.2825 3.3341
May 3.3428 3.2610 3.2897
June 3.3833 3.2603 3.3110
July 3.4001 3.3467 3.3799
August 3.4156 3.3515 3.3885
September 3.4435 3.3547 3.3871
October 3.4708 3.4137 3.4381
November 3.5720 3.4347 3.4982
December 3.5605 3.5148 3.5295