YEARLY HIGH
0.6488 MKD
YEARLY LOW
0.5963 MKD
YEARLY AVERAGE
0.6158 MKD

2021 KGS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the KGS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 0.6488. Conversely, the yearly low was recorded on May 18, dropping to 0.5963.

This high-to-low spread represents a total annual volatility of 0.0524 MKD. From a start-to-finish perspective, comparing the January average rate of 0.6058 to the December average rate of 0.6427, the exchange rate registered a net change of 6.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.6488 was down 20.65% compared to the 2020 peak of 0.8176, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,244 MKD
2020 Average 3,527 MKD
Yearly Trough Low 2,982 MKD
Transaction Impact: A difference of 262.21 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.6469
0.5958
JanuMarcMayJulySeptNove

KGS 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 0.6057, compared to 0.6260 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0204 points.

H1 Avg (Jan–Jun) 0.6057
H2 Avg (Jul–Dec) 0.6260

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0230 MKD (High: 0.6488 / Low: 0.6258). On the other end, December was the most stable month, with a tight range of 0.0062 MKD (High: 0.6466 / Low: 0.6404).

November Spread (Volatile) ±0.0230
December Spread (Stable) ±0.0062

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 0.0075 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0075

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 0.6371) against the same month in 2020 (average: 0.6200), the exchange rate shifted by +0.0171 (+2.75%).

2021 Avg (November) 0.6371
2020 Avg (November) 0.6200

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.6105 0.6007 0.6058
February 0.6135 0.5979 0.6048
March 0.6201 0.6025 0.6112
April 0.6186 0.5983 0.6076
May 0.6051 0.5963 0.6001
June 0.6136 0.5967 0.6046
July 0.6195 0.6113 0.6150
August 0.6235 0.6112 0.6184
September 0.6274 0.6117 0.6168
October 0.6303 0.6220 0.6262
November 0.6488 0.6258 0.6371
December 0.6466 0.6404 0.6427