YEARLY HIGH
1.8549 CVE
YEARLY LOW
1.7708 CVE
YEARLY AVERAGE
1.7967 CVE

2021 MKD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on June 28, valuing the pair at 1.8549. Conversely, the yearly low was recorded on June 17, dropping to 1.7708.

This high-to-low spread represents a total annual volatility of 0.0841 CVE. From a start-to-finish perspective, comparing the January average rate of 1.7965 to the December average rate of 1.7984, the exchange rate registered a net change of 0.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.8549 was down 59.60% compared to the 2020 peak of 4.5916, 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 9,275 CVE
2020 Average 9,020 CVE
Yearly Trough Low 8,854 CVE
Transaction Impact: A difference of 420.71 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.7998
1.7904
JanuMarcMayJulySeptNove

MKD to CVE 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 1.7976, compared to 1.7957 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 1.7976
H2 Avg (Jul–Dec) 1.7957

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 0.0841 CVE (High: 1.8549 / Low: 1.7708). On the other end, September was the most stable month, with a tight range of 0.0129 CVE (High: 1.8037 / Low: 1.7908).

June Spread (Volatile) ±0.0841
September Spread (Stable) ±0.0129

Growth Streaks & Declines

Trends

Between January and June, 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 July and August, when the average rate fell by 0.0073 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0073

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2021: 1.7990) against the same month in 2020 (average: 1.7961), the exchange rate shifted by +0.0029 (+0.16%).

2021 Avg (June) 1.7990
2020 Avg (June) 1.7961

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.8058 1.7898 1.7965
February 1.8059 1.7898 1.7965
March 1.8062 1.7929 1.7970
April 1.8059 1.7886 1.7982
May 1.8113 1.7894 1.7986
June 1.8549 1.7708 1.7990
July 1.8131 1.7922 1.7985
August 1.8027 1.7826 1.7911
September 1.8037 1.7908 1.7958
October 1.8069 1.7895 1.7963
November 1.8070 1.7778 1.7939
December 1.8076 1.7905 1.7984