2021 PHP to MKD Historical Review

YEARLY HIGH

1.0992 MKD

YEARLY LOW

1.0255 MKD

YEARLY AVERAGE

1.0574 MKD

2021 PHP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the PHP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 1.0992. Conversely, the yearly low was recorded on July 19, dropping to 1.0255.

This high-to-low spread represents a total annual volatility of 0.0737 MKD. From a start-to-finish perspective, comparing the January average rate of 1.0533 to the December average rate of 1.0831, the exchange rate registered a net change of 2.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.0992 was down 3.30% compared to the 2020 peak of 1.1367, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 274,800 MKD

2020 Average 272,366 MKD

Yearly Trough Low 256,369 MKD

Transaction Impact: A difference of 18,430.85 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.0873

1.0368

JanuMarcMayJulySeptNove

PHP 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 1.0601, compared to 1.0548 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0053 points.

H1 Avg (Jan–Jun) 1.0601

H2 Avg (Jul–Dec) 1.0548

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0439 MKD (High: 1.0924 / Low: 1.0485). On the other end, October was the most stable month, with a tight range of 0.0111 MKD (High: 1.0534 / Low: 1.0422).

November Spread (Volatile) ±0.0439

October Spread (Stable) ±0.0111

Growth Streaks & Declines

Trends

Between September and December, 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 0.0206 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0206

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 1.0831) against the same month in 2020 (average: 1.0530), the exchange rate shifted by +0.0301 (+2.86%).

2021 Avg (December) 1.0831

2020 Avg (December) 1.0530

मासिक विश्लेषण

प्रत्येक कॅलेंडर महिन्यासाठी सांख्यिकीय सारांश.

Month	High	Low	Average
January	1.0626	1.0403	1.0533
February	1.0720	1.0330	1.0554
March	1.0838	1.0519	1.0674
April	1.0851	1.0462	1.0635
May	1.0700	1.0442	1.0591
June	1.0671	1.0549	1.0616
July	1.0580	1.0255	1.0410
August	1.0720	1.0307	1.0432
September	1.0486	1.0300	1.0414
October	1.0534	1.0422	1.0472
November	1.0924	1.0485	1.0729
December	1.0992	1.0605	1.0831

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