2022 CVE to MKD Historical Review

YEARLY HIGH

0.5818 MKD

YEARLY LOW

0.5307 MKD

YEARLY AVERAGE

0.5573 MKD

2022 CVE to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the CVE to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 21, valuing the pair at 0.5818. Conversely, the yearly low was recorded on October 31, dropping to 0.5307.

This high-to-low spread represents a total annual volatility of 0.0510 MKD. From a start-to-finish perspective, comparing the January average rate of 0.5572 to the December average rate of 0.5577, the exchange rate registered a net change of 0.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.5818 was up 3.02% compared to the 2021 peak of 0.5647, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,909 MKD

2021 Average 2,783 MKD

Yearly Trough Low 2,654 MKD

Transaction Impact: A difference of 255.17 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.5626

0.5549

JanuMarcMayJulySeptNove

CVE 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 0.5571, compared to 0.5576 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.5571

H2 Avg (Jul–Dec) 0.5576

Volatility Range Comparison

Volatility

The most volatile month in 2022 was September, with a trading range of 0.0313 MKD (High: 0.5818 / Low: 0.5505). On the other end, January was the most stable month, with a tight range of 0.0082 MKD (High: 0.5607 / Low: 0.5525).

September Spread (Volatile) ±0.0313

January Spread (Stable) ±0.0082

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2022. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0059 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0059

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2022: 0.5583) against the same month in 2021 (average: 0.5568), the exchange rate shifted by +0.0015 (+0.26%).

2022 Avg (September) 0.5583

2021 Avg (September) 0.5568

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5607	0.5525	0.5572
February	0.5614	0.5514	0.5569
March	0.5641	0.5482	0.5568
April	0.5647	0.5537	0.5580
May	0.5637	0.5531	0.5569
June	0.5633	0.5528	0.5567
July	0.5789	0.5522	0.5619
August	0.5620	0.5533	0.5561
September	0.5818	0.5505	0.5583
October	0.5619	0.5307	0.5560
November	0.5626	0.5427	0.5556
December	0.5613	0.5504	0.5577