YEARLY HIGH
0.3052 NAD
YEARLY LOW
0.2656 NAD
YEARLY AVERAGE
0.2839 NAD

2021 MKD to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 0.3052. Conversely, the yearly low was recorded on June 6, dropping to 0.2656.

This high-to-low spread represents a total annual volatility of 0.0396 NAD. From a start-to-finish perspective, comparing the January average rate of 0.2978 to the December average rate of 0.2919, the exchange rate registered a net change of -2.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.3052 was down 11.74% compared to the 2020 peak of 0.3458, 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 1,526 NAD
2020 Average 1,525 NAD
Yearly Trough Low 1,328 NAD
Transaction Impact: A difference of 198.11 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.3005
0.2679
JanuMarcMayJulySeptNove

MKD to NAD 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 0.2841, compared to 0.2836 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.2841
H2 Avg (Jul–Dec) 0.2836

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0274 NAD (High: 0.2976 / Low: 0.2702). On the other end, April was the most stable month, with a tight range of 0.0066 NAD (High: 0.2848 / Low: 0.2782).

November Spread (Volatile) ±0.0274
April Spread (Stable) ±0.0066

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 January and February, when the average rate fell by 0.0088 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0088

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 0.2978) against the same month in 2020 (average: 0.2592), the exchange rate shifted by +0.0386 (+14.90%).

2021 Avg (January) 0.2978
2020 Avg (January) 0.2592

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.3052 0.2903 0.2978
February 0.2950 0.2853 0.2891
March 0.2992 0.2813 0.2892
April 0.2848 0.2782 0.2810
May 0.2829 0.2728 0.2769
June 0.2767 0.2656 0.2707
July 0.2870 0.2747 0.2791
August 0.2906 0.2728 0.2807
September 0.2879 0.2736 0.2836
October 0.2867 0.2723 0.2802
November 0.2976 0.2702 0.2863
December 0.2971 0.2855 0.2919