YEARLY HIGH
3.7583 MKD
YEARLY LOW
3.2799 MKD
YEARLY AVERAGE
3.5289 MKD

2021 SZL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the SZL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 17, valuing the pair at 3.7583. Conversely, the yearly low was recorded on January 11, dropping to 3.2799.

This high-to-low spread represents a total annual volatility of 0.4784 MKD. From a start-to-finish perspective, comparing the January average rate of 3.3550 to the December average rate of 3.4327, the exchange rate registered a net change of 2.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 3.7583 was down 4.43% compared to the 2020 peak of 3.9326, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 18,792 MKD
2020 Average 16,512 MKD
Yearly Trough Low 16,400 MKD
Transaction Impact: A difference of 2,391.94 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

3.7245
3.3214
JanuMarcMayJulySeptNove

SZL 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 3.5211, compared to 3.5367 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.0156 points.

H1 Avg (JanтАУJun) 3.5211
H2 Avg (JulтАУDec) 3.5367

Volatility Range Comparison

Volatility

The most volatile month in 2021 was September, with a trading range of 0.1935 MKD (High: 3.6972 / Low: 3.5037). On the other end, April was the most stable month, with a tight range of 0.0794 MKD (High: 3.6074 / Low: 3.5279).

September Spread (Volatile) ┬▒0.1935
April Spread (Stable) ┬▒0.0794

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0948 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0948

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2021: 3.6909) against the same month in 2020 (average: 3.1993), the exchange rate shifted by +0.4916 (+15.37%).

2021 Avg (June) 3.6909
2020 Avg (June) 3.1993

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 3.4488 3.2799 3.3550
February 3.5193 3.3944 3.4506
March 3.5345 3.3489 3.4576
April 3.6074 3.5279 3.5672
May 3.6659 3.5395 3.6053
June 3.7583 3.6090 3.6909
July 3.6640 3.5046 3.5961
August 3.6224 3.4452 3.5367
September 3.6972 3.5037 3.5966
October 3.6620 3.4811 3.5716
November 3.5650 3.3775 3.4863
December 3.5015 3.3655 3.4327