2022 BTN to MKD Historical Review

YEARLY HIGH

0.7837 MKD

YEARLY LOW

0.6986 MKD

YEARLY AVERAGE

0.7453 MKD

2022 BTN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the BTN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 0.7837. Conversely, the yearly low was recorded on December 28, dropping to 0.6986.

This high-to-low spread represents a total annual volatility of 0.0851 MKD. From a start-to-finish perspective, comparing the January average rate of 0.7315 to the December average rate of 0.7058, the exchange rate registered a net change of -3.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.7837 was up 5.93% compared to the 2021 peak of 0.7398, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,918 MKD

2021 Average 3,526 MKD

Yearly Trough Low 3,493 MKD

Transaction Impact: A difference of 425.32 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.7816

0.6989

JanuMarcMayJulySeptNove

BTN 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 0.7398, compared to 0.7508 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0110 points.

H1 Avg (Jan–Jun) 0.7398

H2 Avg (Jul–Dec) 0.7508

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.0393 MKD (High: 0.7648 / Low: 0.7255). On the other end, February was the most stable month, with a tight range of 0.0133 MKD (High: 0.7318 / Low: 0.7185).

November Spread (Volatile) ±0.0393

February Spread (Stable) ±0.0133

Growth Streaks & Declines

Trends

Between February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0333 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0333

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2022: 0.7747) against the same month in 2021 (average: 0.7110), the exchange rate shifted by +0.0637 (+8.96%).

2022 Avg (September) 0.7747

2021 Avg (September) 0.7110

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7393	0.7257	0.7315
February	0.7318	0.7185	0.7255
March	0.7394	0.7247	0.7345
April	0.7652	0.7330	0.7470
May	0.7672	0.7379	0.7544
June	0.7563	0.7393	0.7461
July	0.7718	0.7469	0.7601
August	0.7761	0.7494	0.7636
September	0.7837	0.7641	0.7747
October	0.7749	0.7459	0.7616
November	0.7648	0.7255	0.7391
December	0.7246	0.6986	0.7058

૨૦૨૫ BTN થી MKD ઐતિહાસિક સમીક્ષા