YEARLY HIGH
0.5271 MKD
YEARLY LOW
0.5197 MKD
YEARLY AVERAGE
0.5239 MKD

2021 RSD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the RSD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 4, valuing the pair at 0.5271. Conversely, the yearly low was recorded on December 17, dropping to 0.5197.

This high-to-low spread represents a total annual volatility of 0.0075 MKD. From a start-to-finish perspective, comparing the January average rate of 0.5232 to the December average rate of 0.5239, the exchange rate registered a net change of 0.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.5271 was down 1.78% compared to the 2020 peak of 0.5367, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,636 MKD
2020 Average 2,621 MKD
Yearly Trough Low 2,598 MKD
Transaction Impact: A difference of 37.36 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.5244
0.5231
JanuMarcMayJulySeptNove

RSD 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 0.5238, compared to 0.5240 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.0002 points.

H1 Avg (JanтАУJun) 0.5238
H2 Avg (JulтАУDec) 0.5240

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.0070 MKD (High: 0.5267 / Low: 0.5197). On the other end, August was the most stable month, with a tight range of 0.0033 MKD (High: 0.5260 / Low: 0.5228).

December Spread (Volatile) ┬▒0.0070
August Spread (Stable) ┬▒0.0033

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0010 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 0.5243) against the same month in 2020 (average: 0.5241), the exchange rate shifted by +0.0002 (+0.03%).

2021 Avg (March) 0.5243
2020 Avg (March) 0.5241

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Month High Low Average
January 0.5250 0.5199 0.5232
February 0.5270 0.5211 0.5241
March 0.5271 0.5205 0.5243
April 0.5258 0.5200 0.5233
May 0.5263 0.5219 0.5237
June 0.5266 0.5222 0.5241
July 0.5266 0.5223 0.5241
August 0.5260 0.5228 0.5242
September 0.5258 0.5224 0.5238
October 0.5255 0.5206 0.5241
November 0.5261 0.5209 0.5238
December 0.5267 0.5197 0.5239