YEARLY HIGH
22.6232 KRW
YEARLY LOW
21.4321 KRW
YEARLY AVERAGE
21.9742 KRW

2021 MKD to KRW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on September 20, valuing the pair at 22.6232. Conversely, the yearly low was recorded on April 6, dropping to 21.4321.

This high-to-low spread represents a total annual volatility of 1.1910 KRW. From a start-to-finish perspective, comparing the January average rate of 21.7184 to the December average rate of 21.7350, the exchange rate registered a net change of 0.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 22.6232 was down 1.72% compared to the 2020 peak of 23.0201, 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 113,116 KRW
2020 Average 109,128 KRW
Yearly Trough Low 107,161 KRW
Transaction Impact: A difference of 5,955.20 KRW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

22.5065
21.6463
JanuMarcMayJulySeptNove

MKD to KRW 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 21.8587, compared to 22.0896 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2309 points.

H1 Avg (Jan–Jun) 21.8587
H2 Avg (Jul–Dec) 22.0896

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.9628 KRW (High: 22.5753 / Low: 21.6126). On the other end, December was the most stable month, with a tight range of 0.3610 KRW (High: 21.8821 / Low: 21.5211).

November Spread (Volatile) ±0.9628
December Spread (Stable) ±0.3610

Growth Streaks & Declines

Trends

Between June and September, 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 October and November, when the average rate fell by 0.2999 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.2999

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2021: 22.4348) against the same month in 2020 (average: 22.5394), the exchange rate shifted by -0.1046 (-0.46%).

2021 Avg (September) 22.4348
2020 Avg (September) 22.5394

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 21.9954 21.5234 21.7184
February 22.2371 21.6217 21.8181
March 22.0911 21.4743 21.8182
April 21.9583 21.4321 21.7180
May 22.4095 21.8310 22.1214
June 22.2755 21.7820 21.9584
July 22.2784 21.7623 21.9774
August 22.4847 21.8511 22.1653
September 22.6232 22.2477 22.4348
October 22.4679 21.9842 22.2626
November 22.5753 21.6126 21.9626
December 21.8821 21.5211 21.7350