YEARLY HIGH
7.3362 MKD
YEARLY LOW
3.2896 MKD
YEARLY AVERAGE
6.0223 MKD

2021 TRY to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TRY to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 17, valuing the pair at 7.3362. Conversely, the yearly low was recorded on December 19, dropping to 3.2896.

This high-to-low spread represents a total annual volatility of 4.0466 MKD. From a start-to-finish perspective, comparing the January average rate of 6.8430 to the December average rate of 4.1016, the exchange rate registered a net change of -40.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 7.3362 was down 22.20% compared to the 2020 peak of 9.4292, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 366,809 MKD
2020 Average 389,578 MKD
Yearly Trough Low 164,478 MKD
Transaction Impact: A difference of 202,331.48 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

7.4848
3.7940
JanuMarcMayJulySeptNove

TRY 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 6.5043, compared to 5.5402 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9641 points.

H1 Avg (Jan–Jun) 6.5043
H2 Avg (Jul–Dec) 5.5402

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 1.7944 MKD (High: 5.0840 / Low: 3.2896). On the other end, July was the most stable month, with a tight range of 0.1633 MKD (High: 6.1368 / Low: 5.9735).

December Spread (Volatile) ±1.7944
July Spread (Stable) ±0.1633

Growth Streaks & Declines

Trends

Between June and August, 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 November and December, when the average rate fell by 0.9483 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.9483

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 7.1773) against the same month in 2020 (average: 9.3074), the exchange rate shifted by -2.1301 (-22.89%).

2021 Avg (February) 7.1773
2020 Avg (February) 9.3074

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 6.9821 6.7721 6.8430
February 7.3362 6.8126 7.1773
March 7.1697 6.3125 6.7414
April 6.4564 6.0499 6.2971
May 6.1892 5.8864 6.0460
June 6.0520 5.8013 5.9210
July 6.1368 5.9735 6.0600
August 6.2790 6.0471 6.1756
September 6.2629 5.9047 6.1021
October 6.0071 5.4424 5.7521
November 5.5648 4.0235 5.0498
December 5.0840 3.2896 4.1016