2021 PGK to MKD Historical Review

YEARLY HIGH

15.5874 MKD

YEARLY LOW

14.1150 MKD

YEARLY AVERAGE

14.7634 MKD

2021 PGK to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the PGK to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 15.5874. Conversely, the yearly low was recorded on January 3, dropping to 14.1150.

This high-to-low spread represents a total annual volatility of 1.4723 MKD. From a start-to-finish perspective, comparing the January average rate of 14.3341 to the December average rate of 15.4382, the exchange rate registered a net change of 7.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 15.5874 was down 7.62% compared to the 2020 peak of 16.8735, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 77,937 MKD

2020 Average 77,976 MKD

Yearly Trough Low 70,575 MKD

Transaction Impact: A difference of 7,361.71 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

15.5486

14.2237

JanuMarcMayJulySeptNove

PGK 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 14.4744, compared to 15.0523 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5779 points.

H1 Avg (Jan–Jun) 14.4744

H2 Avg (Jul–Dec) 15.0523

Volatility Range Comparison

Volatility

The most volatile month in 2021 was September, with a trading range of 0.5353 MKD (High: 15.1110 / Low: 14.5756). On the other end, October was the most stable month, with a tight range of 0.2148 MKD (High: 15.1761 / Low: 14.9613).

September Spread (Volatile) ±0.5353

October Spread (Stable) ±0.2148

Growth Streaks & Declines

Trends

Between August and December, 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 April and May, when the average rate fell by 0.1886 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1886

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 15.4382) against the same month in 2020 (average: 14.3990), the exchange rate shifted by +1.0391 (+7.22%).

2021 Avg (December) 15.4382

2020 Avg (December) 14.3990

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.4855	14.1150	14.3341
February	14.6398	14.2291	14.4071
March	14.9224	14.4472	14.6685
April	14.8394	14.3714	14.5585
May	14.5760	14.2178	14.3699
June	14.7449	14.2098	14.5082
July	14.9819	14.5805	14.8254
August	15.0043	14.7175	14.8254
September	15.1110	14.5756	14.8402
October	15.1761	14.9613	15.0566
November	15.5404	15.0816	15.3282
December	15.5874	15.3465	15.4382