2022 GNF to MKD Historical Review

YEARLY HIGH

0.0074 MKD

YEARLY LOW

0.0058 MKD

YEARLY AVERAGE

0.0067 MKD

2022 GNF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the GNF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 0.0074. Conversely, the yearly low was recorded on January 3, dropping to 0.0058.

This high-to-low spread represents a total annual volatility of 0.0015 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0060 to the December average rate of 0.0067, the exchange rate registered a net change of 11.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.0074 was up 25.43% compared to the 2021 peak of 0.0059, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 37 MKD

2021 Average 26 MKD

Yearly Trough Low 29 MKD

Transaction Impact: A difference of 7.74 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.0073

0.0059

JanuMarcMayJulySeptNove

GNF 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 0.0063, compared to 0.0070 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0063

H2 Avg (Jul–Dec) 0.0070

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.0006 MKD (High: 0.0073 / Low: 0.0067). On the other end, March was the most stable month, with a tight range of 0.0001 MKD (High: 0.0063 / Low: 0.0062).

November Spread (Volatile) ±0.0006

March Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0003 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2022: 0.0071) against the same month in 2021 (average: 0.0053), the exchange rate shifted by +0.0018 (+33.58%).

2022 Avg (September) 0.0071

2021 Avg (September) 0.0053

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0061	0.0058	0.0060
February	0.0061	0.0059	0.0060
March	0.0063	0.0062	0.0063
April	0.0066	0.0062	0.0064
May	0.0067	0.0065	0.0066
June	0.0068	0.0065	0.0066
July	0.0071	0.0068	0.0070
August	0.0071	0.0068	0.0070
September	0.0074	0.0070	0.0071
October	0.0073	0.0071	0.0072
November	0.0073	0.0067	0.0070
December	0.0068	0.0066	0.0067