2022 AFN to MKD Historical Review

YEARLY HIGH

0.7441 MKD

YEARLY LOW

0.5116 MKD

YEARLY AVERAGE

0.6530 MKD

2022 AFN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the AFN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 12, valuing the pair at 0.7441. Conversely, the yearly low was recorded on January 15, dropping to 0.5116.

This high-to-low spread represents a total annual volatility of 0.2325 MKD. From a start-to-finish perspective, comparing the January average rate of 0.5207 to the December average rate of 0.6654, the exchange rate registered a net change of 27.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.7441 was up 9.32% compared to the 2021 peak of 0.6806, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,720 MKD

2021 Average 3,141 MKD

Yearly Trough Low 2,558 MKD

Transaction Impact: A difference of 1,162.38 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.7408

0.5007

JanuMarcMayJulySeptNove

AFN 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 0.6169, compared to 0.6892 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0723 points.

H1 Avg (Jan–Jun) 0.6169

H2 Avg (Jul–Dec) 0.6892

Volatility Range Comparison

Volatility

The most volatile month in 2022 was April, with a trading range of 0.0548 MKD (High: 0.6837 / Low: 0.6289). On the other end, December was the most stable month, with a tight range of 0.0193 MKD (High: 0.6787 / Low: 0.6595).

April Spread (Volatile) ±0.0548

December Spread (Stable) ±0.0193

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0344 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0344

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2022: 0.7208) against the same month in 2021 (average: 0.5894), the exchange rate shifted by +0.1314 (+22.29%).

2022 Avg (October) 0.7208

2021 Avg (October) 0.5894

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5402	0.5116	0.5207
February	0.5985	0.5469	0.5831
March	0.6499	0.6039	0.6310
April	0.6837	0.6289	0.6509
May	0.6847	0.6343	0.6614
June	0.6698	0.6425	0.6541
July	0.6990	0.6676	0.6814
August	0.7005	0.6619	0.6800
September	0.7282	0.6841	0.7012
October	0.7441	0.7033	0.7208
November	0.7122	0.6637	0.6864
December	0.6787	0.6595	0.6654