2021 MXN to MKD Historical Review

YEARLY HIGH

2.6590 MKD

YEARLY LOW

2.4173 MKD

YEARLY AVERAGE

2.5684 MKD

2021 MXN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MXN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 2.6590. Conversely, the yearly low was recorded on February 25, dropping to 2.4173.

This high-to-low spread represents a total annual volatility of 0.2417 MKD. From a start-to-finish perspective, comparing the January average rate of 2.5362 to the December average rate of 2.6084, the exchange rate registered a net change of 2.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.6590 was down 13.39% compared to the 2020 peak of 3.0702, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 132,948 MKD

2020 Average 126,542 MKD

Yearly Trough Low 120,863 MKD

Transaction Impact: A difference of 12,084.72 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

2.6224

2.4833

JanuMarcMayJulySeptNove

MXN 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 2.5335, compared to 2.6033 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0698 points.

H1 Avg (Jan–Jun) 2.5335

H2 Avg (Jul–Dec) 2.6033

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 0.1519 MKD (High: 2.5708 / Low: 2.4189). On the other end, July was the most stable month, with a tight range of 0.0356 MKD (High: 2.6277 / Low: 2.5920).

March Spread (Volatile) ±0.1519

July Spread (Stable) ±0.0356

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0289 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0289

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 2.6084) against the same month in 2020 (average: 2.5380), the exchange rate shifted by +0.0704 (+2.77%).

2021 Avg (December) 2.6084

2020 Avg (December) 2.5380

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5976	2.4694	2.5362
February	2.5635	2.4173	2.5106
March	2.5708	2.4189	2.4949
April	2.5864	2.5147	2.5681
May	2.5638	2.5151	2.5393
June	2.6130	2.4928	2.5519
July	2.6277	2.5920	2.6108
August	2.6385	2.5734	2.6073
September	2.6257	2.5768	2.6100
October	2.6310	2.5563	2.5962
November	2.6388	2.4936	2.5871
December	2.6590	2.5347	2.6084