2021 NGN to MKD Historical Review

YEARLY HIGH

0.1376 MKD

YEARLY LOW

0.1218 MKD

YEARLY AVERAGE

0.1292 MKD

2021 NGN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 26, valuing the pair at 0.1376. Conversely, the yearly low was recorded on May 25, dropping to 0.1218.

This high-to-low spread represents a total annual volatility of 0.0158 MKD. From a start-to-finish perspective, comparing the January average rate of 0.1306 to the December average rate of 0.1325, the exchange rate registered a net change of 1.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.1376 was down 12.19% compared to the 2020 peak of 0.1567, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 137,597 MKD

2020 Average 142,291 MKD

Yearly Trough Low 121,804 MKD

Transaction Impact: A difference of 15,792.97 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.1345

0.1234

JanuMarcMayJulySeptNove

NGN to MKD 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 0.1295, compared to 0.1290 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) 0.1295

H2 Avg (Jul–Dec) 0.1290

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0131 MKD (High: 0.1349 / Low: 0.1218). On the other end, October was the most stable month, with a tight range of 0.0015 MKD (High: 0.1299 / Low: 0.1284).

May Spread (Volatile) ±0.0131

October Spread (Stable) ±0.0015

Growth Streaks & Declines

Trends

Between September and December, 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 April and May, when the average rate fell by 0.0064 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0064

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 0.1336) against the same month in 2020 (average: 0.1504), the exchange rate shifted by -0.0168 (-11.18%).

2021 Avg (March) 0.1336

2020 Avg (March) 0.1504

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1338	0.1272	0.1306
February	0.1351	0.1233	0.1308
March	0.1376	0.1261	0.1336
April	0.1374	0.1250	0.1320
May	0.1349	0.1218	0.1256
June	0.1265	0.1224	0.1243
July	0.1273	0.1257	0.1267
August	0.1282	0.1256	0.1272
September	0.1294	0.1259	0.1270
October	0.1299	0.1284	0.1292
November	0.1340	0.1288	0.1315
December	0.1333	0.1314	0.1325

2021 NGN నుండి MKD చారిత్రక సమీక్ష