YEARLY HIGH
0.0545 MKD
YEARLY LOW
0.0502 MKD
YEARLY AVERAGE
0.0520 MKD

2021 RWF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the RWF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 10, valuing the pair at 0.0545. Conversely, the yearly low was recorded on May 25, dropping to 0.0502.

This high-to-low spread represents a total annual volatility of 0.0043 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0513 to the December average rate of 0.0533, the exchange rate registered a net change of 3.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0545 was down 10.81% compared to the 2020 peak of 0.0611, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 273 MKD
2020 Average 283 MKD
Yearly Trough Low 251 MKD
Transaction Impact: A difference of 21.70 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0535
0.0507
JanuMarcMayJulySeptNove

RWF 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 0.0516, compared to 0.0525 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.0009 points.

H1 Avg (JanтАУJun) 0.0516
H2 Avg (JulтАУDec) 0.0525

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.0024 MKD (High: 0.0545 / Low: 0.0521). On the other end, August was the most stable month, with a tight range of 0.0012 MKD (High: 0.0525 / Low: 0.0513).

December Spread (Volatile) ┬▒0.0024
August Spread (Stable) ┬▒0.0012

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 0.0010 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 0.0533) against the same month in 2020 (average: 0.0513), the exchange rate shifted by +0.0020 (+3.96%).

2021 Avg (December) 0.0533
2020 Avg (December) 0.0513

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 0.0521 0.0507 0.0513
February 0.0523 0.0509 0.0515
March 0.0534 0.0515 0.0525
April 0.0534 0.0510 0.0519
May 0.0518 0.0502 0.0509
June 0.0525 0.0504 0.0513
July 0.0529 0.0514 0.0519
August 0.0525 0.0513 0.0520
September 0.0527 0.0513 0.0519
October 0.0534 0.0520 0.0527
November 0.0542 0.0524 0.0532
December 0.0545 0.0521 0.0533