2022 BIF to MKD Historical Review

YEARLY HIGH

0.0311 MKD

YEARLY LOW

0.0268 MKD

YEARLY AVERAGE

0.0287 MKD

2022 BIF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the BIF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 0.0311. Conversely, the yearly low was recorded on January 15, dropping to 0.0268.

This high-to-low spread represents a total annual volatility of 0.0043 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0272 to the December average rate of 0.0282, the exchange rate registered a net change of 3.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.0311 was up 12.51% compared to the 2021 peak of 0.0276, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 155 MKD

2021 Average 132 MKD

Yearly Trough Low 134 MKD

Transaction Impact: A difference of 21.47 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.0308

0.0267

JanuMarcMayJulySeptNove

BIF 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 0.0278, compared to 0.0295 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 0.0278

H2 Avg (Jul–Dec) 0.0295

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.0019 MKD (High: 0.0306 / Low: 0.0286). On the other end, February was the most stable month, with a tight range of 0.0007 MKD (High: 0.0275 / Low: 0.0268).

November Spread (Volatile) ±0.0019

February Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between June and October, 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 0.0012 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2022: 0.0302) against the same month in 2021 (average: 0.0263), the exchange rate shifted by +0.0039 (+14.86%).

2022 Avg (September) 0.0302

2021 Avg (September) 0.0263

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0279	0.0268	0.0272
February	0.0275	0.0268	0.0271
March	0.0282	0.0272	0.0277
April	0.0290	0.0271	0.0280
May	0.0292	0.0278	0.0286
June	0.0288	0.0279	0.0284
July	0.0299	0.0286	0.0294
August	0.0302	0.0290	0.0296
September	0.0311	0.0296	0.0302
October	0.0309	0.0299	0.0305
November	0.0306	0.0286	0.0293
December	0.0286	0.0279	0.0282