YEARLY HIGH
54.5024 MKD
YEARLY LOW
0.1400 MKD
YEARLY AVERAGE
1.4583 MKD

2021 MRO to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MRO to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 54.5024. Conversely, the yearly low was recorded on January 6, dropping to 0.1400.

This high-to-low spread represents a total annual volatility of 54.3624 MKD. From a start-to-finish perspective, comparing the January average rate of 0.1418 to the December average rate of 15.9017, the exchange rate registered a net change of 11110.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 54.5024 was up 33746.32% compared to the 2020 peak of 0.1610, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 272,512 MKD
2020 Average 757 MKD
Yearly Trough Low 700 MKD
Transaction Impact: A difference of 271,812.22 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

17.4776
-1.4341
JanuMarcMayJulySeptNove

MRO 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 0.1432, compared to 2.7735 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.6302 points.

H1 Avg (Jan–Jun) 0.1432
H2 Avg (Jul–Dec) 2.7735

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 54.3502 MKD (High: 54.5024 / Low: 0.1522). On the other end, July was the most stable month, with a tight range of 0.0018 MKD (High: 0.1467 / Low: 0.1448).

December Spread (Volatile) ±54.3502
July Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0023 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0023

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 15.9017) against the same month in 2020 (average: 0.1418), the exchange rate shifted by +15.7598 (+11112.06%).

2021 Avg (December) 15.9017
2020 Avg (December) 0.1418

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1430 0.1400 0.1418
February 0.1443 0.1417 0.1428
March 0.1473 0.1428 0.1451
April 0.1469 0.1421 0.1443
May 0.1437 0.1407 0.1421
June 0.1454 0.1412 0.1432
July 0.1467 0.1448 0.1459
August 0.1478 0.1448 0.1467
September 0.1490 0.1452 0.1464
October 0.1497 0.1477 0.1487
November 0.1541 0.1486 0.1513
December 54.5024 0.1522 15.9017