YEARLY HIGH
0.0989 MKD
YEARLY LOW
0.0762 MKD
YEARLY AVERAGE
0.0834 MKD

2021 AOA to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the AOA to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0989. Conversely, the yearly low was recorded on January 6, dropping to 0.0762.

This high-to-low spread represents a total annual volatility of 0.0227 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0772 to the December average rate of 0.0967, the exchange rate registered a net change of 25.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0989 was down 14.62% compared to the 2020 peak of 0.1158, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 495 MKD
2020 Average 473 MKD
Yearly Trough Low 381 MKD
Transaction Impact: A difference of 113.65 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0986
0.0753
JanuMarcMayJulySeptNove

AOA 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 0.0794, compared to 0.0874 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0081 points.

H1 Avg (Jan–Jun) 0.0794
H2 Avg (Jul–Dec) 0.0874

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0073 MKD (High: 0.0962 / Low: 0.0889). On the other end, October was the most stable month, with a tight range of 0.0010 MKD (High: 0.0894 / Low: 0.0883).

November Spread (Volatile) ±0.0073
October Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0031 points.

Longest Streak 7 Mo.
Sharpest MoM Drop -0.0031

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 0.0967) against the same month in 2020 (average: 0.0773), the exchange rate shifted by +0.0194 (+25.15%).

2021 Avg (December) 0.0967
2020 Avg (December) 0.0773

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0777 0.0762 0.0772
February 0.0800 0.0777 0.0782
March 0.0841 0.0810 0.0832
April 0.0835 0.0774 0.0801
May 0.0786 0.0771 0.0780
June 0.0806 0.0785 0.0794
July 0.0818 0.0805 0.0811
August 0.0829 0.0810 0.0822
September 0.0888 0.0819 0.0846
October 0.0894 0.0883 0.0888
November 0.0962 0.0889 0.0912
December 0.0989 0.0957 0.0967