YEARLY HIGH
46.3831 TZS
YEARLY LOW
41.8115 TZS
YEARLY AVERAGE
44.4577 TZS

2021 MKD to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MKD to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 46.3831. Conversely, the yearly low was recorded on November 24, dropping to 41.8115.

This high-to-low spread represents a total annual volatility of 4.5716 TZS. From a start-to-finish perspective, comparing the January average rate of 45.8168 to the December average rate of 42.2456, the exchange rate registered a net change of -7.79% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 46.3831 was up 0.20% compared to the 2020 peak of 46.2911, 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 231,916 TZS
2020 Average 214,454 TZS
Yearly Trough Low 209,058 TZS
Transaction Impact: A difference of 22,857.87 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

46.1739
41.8884
JanuMarcMayJulySeptNove

MKD to TZS 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 45.3625, compared to 43.5530 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.8095 points.

H1 Avg (Jan–Jun) 45.3625
H2 Avg (Jul–Dec) 43.5530

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 1.6235 TZS (High: 45.8054 / Low: 44.1819). On the other end, December was the most stable month, with a tight range of 0.3873 TZS (High: 42.4096 / Low: 42.0223).

April Spread (Volatile) ±1.6235
December Spread (Stable) ±0.3873

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 September and October, when the average rate fell by 0.9687 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.9687

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 45.8168) against the same month in 2020 (average: 41.5962), the exchange rate shifted by +4.2206 (+10.15%).

2021 Avg (January) 45.8168
2020 Avg (January) 41.5962

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 46.3831 45.4625 45.8168
February 45.8297 45.0383 45.5104
March 45.4935 44.1038 44.7599
April 45.8054 44.1819 45.0005
May 46.1331 45.1936 45.7328
June 46.0073 44.6881 45.3544
July 44.8467 44.2673 44.5044
August 44.8547 43.9440 44.2933
September 44.7412 43.2308 44.3226
October 43.6544 43.0303 43.3539
November 43.3549 41.8115 42.5980
December 42.4096 42.0223 42.2456