YEARLY HIGH
18.0079 KPW
YEARLY LOW
16.3610 KPW
YEARLY AVERAGE
17.2863 KPW

2021 MKD to KPW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to KPW exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 18.0079. Conversely, the yearly low was recorded on November 24, dropping to 16.3610.

This high-to-low spread represents a total annual volatility of 1.6468 KPW. From a start-to-finish perspective, comparing the January average rate of 17.7732 to the December average rate of 16.5158, the exchange rate registered a net change of -7.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 18.0079 was up 0.24% compared to the 2020 peak of 17.9648, 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 90,039 KPW
2020 Average 83,366 KPW
Yearly Trough Low 81,805 KPW
Transaction Impact: A difference of 8,234.23 KPW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

17.8990
16.3901
JanuMarcMayJulySeptNove

MKD to KPW 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 17.6040, compared to 16.9687 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6353 points.

H1 Avg (Jan–Jun) 17.6040
H2 Avg (Jul–Dec) 16.9687

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.5989 KPW (High: 16.9599 / Low: 16.3610). On the other end, December was the most stable month, with a tight range of 0.1593 KPW (High: 16.5734 / Low: 16.4141).

November Spread (Volatile) ±0.5989
December Spread (Stable) ±0.1593

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.3204 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.3204

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 17.7732) against the same month in 2020 (average: 16.2496), the exchange rate shifted by +1.5236 (+9.38%).

2021 Avg (January) 17.7732
2020 Avg (January) 16.2496

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 18.0079 17.6272 17.7732
February 17.7917 17.4763 17.6588
March 17.6511 17.1169 17.3738
April 17.7407 17.1568 17.4708
May 17.9126 17.5396 17.7465
June 17.8531 17.3393 17.6008
July 17.4061 17.1881 17.2804
August 17.4092 17.0546 17.1886
September 17.3645 16.9164 17.2152
October 17.0644 16.8379 16.9496
November 16.9599 16.3610 16.6624
December 16.5734 16.4141 16.5158