2021 SGD to MKD Historical Review

YEARLY HIGH

40.3769 MKD

YEARLY LOW

37.8202 MKD

YEARLY AVERAGE

38.7635 MKD

2021 SGD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the SGD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 40.3769. Conversely, the yearly low was recorded on May 22, dropping to 37.8202.

This high-to-low spread represents a total annual volatility of 2.5567 MKD. From a start-to-finish perspective, comparing the January average rate of 38.1849 to the December average rate of 39.9680, the exchange rate registered a net change of 4.67% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 40.3769 was down 2.07% compared to the 2020 peak of 41.2299, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SGD based on timing:

Yearly Peak High 201,884 MKD

2020 Average 195,904 MKD

Yearly Trough Low 189,101 MKD

Transaction Impact: A difference of 12,783.39 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

40.1495

37.9723

JanuMarcMayJulySeptNove

SGD 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 38.3700, compared to 39.1570 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7871 points.

H1 Avg (Jan–Jun) 38.3700

H2 Avg (Jul–Dec) 39.1570

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.8617 MKD (High: 39.1076 / Low: 38.2459). On the other end, October was the most stable month, with a tight range of 0.3795 MKD (High: 39.4452 / Low: 39.0658).

April Spread (Volatile) ±0.8617

October Spread (Stable) ±0.3795

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.4322 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.4322

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 39.9680) against the same month in 2020 (average: 38.0091), the exchange rate shifted by +1.9590 (+5.15%).

2021 Avg (December) 39.9680

2020 Avg (December) 38.0091

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.3983	37.9257	38.1849
February	38.5999	37.9656	38.3846
March	39.0590	38.2994	38.5791
April	39.1076	38.2459	38.5859
May	38.4887	37.8202	38.1537
June	38.5856	38.0630	38.3317
July	38.7236	38.1779	38.4454
August	38.9736	38.1619	38.6473
September	39.1690	38.5979	38.7935
October	39.4452	39.0658	39.2966
November	40.2173	39.3936	39.7915
December	40.3769	39.6742	39.9680

2021 SGD నుండి MKD చారిత్రక సమీక్ష