2022 CDF to MKD Historical Review

YEARLY HIGH

0.0312 MKD

YEARLY LOW

0.0267 MKD

YEARLY AVERAGE

0.0290 MKD

2022 CDF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the CDF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 0.0312. Conversely, the yearly low was recorded on February 6, dropping to 0.0267.

This high-to-low spread represents a total annual volatility of 0.0044 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0271 to the December average rate of 0.0284, the exchange rate registered a net change of 4.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.0312 was up 12.97% 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 CDF based on timing:

Yearly Peak High 156 MKD

2021 Average 131 MKD

Yearly Trough Low 134 MKD

Transaction Impact: A difference of 22.23 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.0310

0.0267

JanuMarcMayJulySeptNove

CDF 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 0.0281, compared to 0.0299 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.0281

H2 Avg (Jul–Dec) 0.0299

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.0018 MKD (High: 0.0307 / Low: 0.0288). On the other end, December was the most stable month, with a tight range of 0.0005 MKD (High: 0.0287 / Low: 0.0282).

November Spread (Volatile) ±0.0018

December Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 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 5 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2022: 0.0304) against the same month in 2021 (average: 0.0263), the exchange rate shifted by +0.0041 (+15.73%).

2022 Avg (September) 0.0304

2021 Avg (September) 0.0263

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0276	0.0268	0.0271
February	0.0273	0.0267	0.0271
March	0.0283	0.0276	0.0279
April	0.0292	0.0277	0.0283
May	0.0295	0.0286	0.0290
June	0.0295	0.0287	0.0291
July	0.0307	0.0295	0.0302
August	0.0307	0.0298	0.0302
September	0.0312	0.0297	0.0304
October	0.0310	0.0302	0.0306
November	0.0307	0.0288	0.0295
December	0.0287	0.0282	0.0284