YEARLY HIGH
2.1617 AFN
YEARLY LOW
1.4692 AFN
YEARLY AVERAGE
1.5989 AFN

2021 MKD to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 15, valuing the pair at 2.1617. Conversely, the yearly low was recorded on March 30, dropping to 1.4692.

This high-to-low spread represents a total annual volatility of 0.6925 AFN. From a start-to-finish perspective, comparing the January average rate of 1.5269 to the December average rate of 1.8702, the exchange rate registered a net change of 22.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.1617 was up 40.10% compared to the 2020 peak of 1.5430, 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 10,809 AFN
2020 Average 7,119 AFN
Yearly Trough Low 7,346 AFN
Transaction Impact: A difference of 3,462.62 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.9077
1.4579
JanuMarcMayJulySeptNove

MKD to AFN 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 1.5201, compared to 1.6776 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1574 points.

H1 Avg (Jan–Jun) 1.5201
H2 Avg (Jul–Dec) 1.6776

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.3994 AFN (High: 2.1617 / Low: 1.7623). On the other end, January was the most stable month, with a tight range of 0.0341 AFN (High: 1.5462 / Low: 1.5120).

December Spread (Volatile) ±0.3994
January Spread (Stable) ±0.0341

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0218 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0218

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 1.8702) against the same month in 2020 (average: 1.5222), the exchange rate shifted by +0.3480 (+22.86%).

2021 Avg (December) 1.8702
2020 Avg (December) 1.5222

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.5462 1.5120 1.5269
February 1.5488 1.5004 1.5171
March 1.5200 1.4692 1.4954
April 1.5337 1.4736 1.5085
May 1.5666 1.5138 1.5341
June 1.5562 1.5187 1.5388
July 1.5766 1.5176 1.5359
August 1.6516 1.5200 1.5878
September 1.7095 1.6254 1.6582
October 1.7207 1.6786 1.6966
November 1.7704 1.6873 1.7166
December 2.1617 1.7623 1.8702