YEARLY HIGH
0.0407 FJD
YEARLY LOW
0.0385 FJD
YEARLY AVERAGE
0.0397 FJD

2021 MKD to FJD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to FJD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.0407. Conversely, the yearly low was recorded on November 21, dropping to 0.0385.

This high-to-low spread represents a total annual volatility of 0.0022 FJD. From a start-to-finish perspective, comparing the January average rate of 0.0402 to the December average rate of 0.0391, the exchange rate registered a net change of -2.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0407 was down 2.24% compared to the 2020 peak of 0.0416, 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 203 FJD
2020 Average 201 FJD
Yearly Trough Low 193 FJD
Transaction Impact: A difference of 10.77 FJD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0403
0.0388
JanuMarcMayJulySeptNove

MKD to FJD 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 0.0399, compared to 0.0395 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0399
H2 Avg (Jul–Dec) 0.0395

Volatility Range Comparison

Volatility

The most volatile month in 2021 was January, with a trading range of 0.0009 FJD (High: 0.0407 / Low: 0.0398). On the other end, December was the most stable month, with a tight range of 0.0004 FJD (High: 0.0393 / Low: 0.0389).

January Spread (Volatile) ±0.0009
December Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between March and June, 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 September and October, when the average rate fell by 0.0005 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 0.0402) against the same month in 2020 (average: 0.0391), the exchange rate shifted by +0.0011 (+2.82%).

2021 Avg (January) 0.0402
2020 Avg (January) 0.0391

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0407 0.0398 0.0402
February 0.0401 0.0394 0.0398
March 0.0398 0.0391 0.0395
April 0.0401 0.0393 0.0398
May 0.0404 0.0396 0.0401
June 0.0405 0.0399 0.0401
July 0.0403 0.0397 0.0399
August 0.0403 0.0396 0.0400
September 0.0401 0.0397 0.0399
October 0.0398 0.0389 0.0394
November 0.0392 0.0385 0.0389
December 0.0393 0.0389 0.0391