YEARLY HIGH
6.0102 HUF
YEARLY LOW
5.5957 HUF
YEARLY AVERAGE
5.8201 HUF

2021 MKD to HUF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to HUF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 6.0102. Conversely, the yearly low was recorded on June 6, dropping to 5.5957.

This high-to-low spread represents a total annual volatility of 0.4145 HUF. From a start-to-finish perspective, comparing the January average rate of 5.8315 to the December average rate of 5.9626, the exchange rate registered a net change of 2.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 6.0102 was down 0.02% compared to the 2020 peak of 6.0116, 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 30,051 HUF
2020 Average 28,491 HUF
Yearly Trough Low 27,979 HUF
Transaction Impact: A difference of 2,072.47 HUF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

5.9902
5.6595
JanuMarcMayJulySeptNove

MKD to HUF 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 5.8106, compared to 5.8296 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0190 points.

H1 Avg (Jan–Jun) 5.8106
H2 Avg (Jul–Dec) 5.8296

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.2531 HUF (High: 5.8864 / Low: 5.6333). On the other end, January was the most stable month, with a tight range of 0.0953 HUF (High: 5.8861 / Low: 5.7908).

May Spread (Volatile) ±0.2531
January Spread (Stable) ±0.0953

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.1131 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.1131

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 5.9626) against the same month in 2020 (average: 5.8240), the exchange rate shifted by +0.1386 (+2.38%).

2021 Avg (December) 5.9626
2020 Avg (December) 5.8240

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 5.8861 5.7908 5.8315
February 5.9341 5.7517 5.8158
March 5.9840 5.8788 5.9350
April 5.9146 5.7977 5.8537
May 5.8864 5.6333 5.7405
June 5.8133 5.5957 5.6870
July 5.8590 5.7056 5.7988
August 5.8417 5.6432 5.7093
September 5.8758 5.6379 5.7254
October 5.9366 5.7859 5.8589
November 6.0082 5.8105 5.9222
December 6.0102 5.8886 5.9626