YEARLY HIGH
0.1551 HKD
YEARLY LOW
0.1418 HKD
YEARLY AVERAGE
0.1493 HKD

2021 MKD to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.1551. Conversely, the yearly low was recorded on November 24, dropping to 0.1418.

This high-to-low spread represents a total annual volatility of 0.0134 HKD. From a start-to-finish perspective, comparing the January average rate of 0.1531 to the December average rate of 0.1431, the exchange rate registered a net change of -6.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.1551 was up 0.25% compared to the 2020 peak of 0.1547, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 776 HKD
2020 Average 718 HKD
Yearly Trough Low 709 HKD
Transaction Impact: A difference of 66.81 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.1541
0.1421
JanuMarcMayJulySeptNove

MKD to HKD 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 0.1518, compared to 0.1468 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0051 points.

H1 Avg (Jan–Jun) 0.1518
H2 Avg (Jul–Dec) 0.1468

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0049 HKD (High: 0.1467 / Low: 0.1418). On the other end, December was the most stable month, with a tight range of 0.0013 HKD (High: 0.1436 / Low: 0.1423).

November Spread (Volatile) ±0.0049
December Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

Between March and May, 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 June and July, when the average rate fell by 0.0026 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 0.1531) against the same month in 2020 (average: 0.1403), the exchange rate shifted by +0.0128 (+9.09%).

2021 Avg (January) 0.1531
2020 Avg (January) 0.1403

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1551 0.1519 0.1531
February 0.1533 0.1505 0.1521
March 0.1521 0.1479 0.1499
April 0.1530 0.1482 0.1508
May 0.1545 0.1514 0.1531
June 0.1539 0.1496 0.1518
July 0.1503 0.1484 0.1492
August 0.1503 0.1476 0.1487
September 0.1500 0.1464 0.1488
October 0.1475 0.1456 0.1465
November 0.1467 0.1418 0.1442
December 0.1436 0.1423 0.1431