2021 NOK to MKD Historical Review

YEARLY HIGH

6.3596 MKD

YEARLY LOW

5.8149 MKD

YEARLY AVERAGE

6.0594 MKD

2021 NOK to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 20, valuing the pair at 6.3596. Conversely, the yearly low was recorded on July 20, dropping to 5.8149.

This high-to-low spread represents a total annual volatility of 0.5447 MKD. From a start-to-finish perspective, comparing the January average rate of 5.9422 to the December average rate of 6.0742, the exchange rate registered a net change of 2.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 6.3596 was up 1.66% compared to the 2020 peak of 6.2556, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 31,798 MKD

2020 Average 28,755 MKD

Yearly Trough Low 29,075 MKD

Transaction Impact: A difference of 2,723.40 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

6.3081

5.8780

JanuMarcMayJulySeptNove

NOK 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: Jan–Jun) was 6.0525, compared to 6.0663 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0138 points.

H1 Avg (Jan–Jun) 6.0525

H2 Avg (Jul–Dec) 6.0663

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.3052 MKD (High: 6.3068 / Low: 6.0016). On the other end, April was the most stable month, with a tight range of 0.1178 MKD (High: 6.2060 / Low: 6.0882).

November Spread (Volatile) ±0.3052

April Spread (Stable) ±0.1178

Growth Streaks & Declines

Trends

Between January and April, 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 June and July, when the average rate fell by 0.1266 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1266

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2021: 6.2722) against the same month in 2020 (average: 5.6347), the exchange rate shifted by +0.6375 (+11.31%).

2021 Avg (October) 6.2722

2020 Avg (October) 5.6347

मासिक विश्लेषण

प्रत्येक कॅलेंडर महिन्यासाठी सांख्यिकीय सारांश.

Month	High	Low	Average
January	6.0218	5.8432	5.9422
February	6.0565	5.8420	5.9913
March	6.1518	5.9764	6.0759
April	6.2060	6.0882	6.1364
May	6.2104	6.0007	6.1051
June	6.1212	5.9496	6.0641
July	6.0656	5.8149	5.9375
August	6.0204	5.8261	5.9138
September	6.1218	5.9761	6.0357
October	6.3596	6.1665	6.2722
November	6.3068	6.0016	6.1644
December	6.1927	5.9286	6.0742

२०२५ भारतीय रुपया ते ब्रिटिश पाउंड ऐतिहासिक आढावा