2022 HNL to MKD Historical Review

YEARLY HIGH

2.5940 MKD

YEARLY LOW

2.1821 MKD

YEARLY AVERAGE

2.3796 MKD

2022 HNL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the HNL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 2.5940. Conversely, the yearly low was recorded on February 6, dropping to 2.1821.

This high-to-low spread represents a total annual volatility of 0.4119 MKD. From a start-to-finish perspective, comparing the January average rate of 2.2203 to the December average rate of 2.3565, the exchange rate registered a net change of 6.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 2.5940 was up 13.73% compared to the 2021 peak of 2.2809, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,970 MKD

2021 Average 10,807 MKD

Yearly Trough Low 10,911 MKD

Transaction Impact: A difference of 2,059.52 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

2.5642

2.1786

JanuMarcMayJulySeptNove

HNL 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 2.2984, compared to 2.4609 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1625 points.

H1 Avg (Jan–Jun) 2.2984

H2 Avg (Jul–Dec) 2.4609

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.1595 MKD (High: 2.5446 / Low: 2.3851). On the other end, December was the most stable month, with a tight range of 0.0407 MKD (High: 2.3777 / Low: 2.3370).

November Spread (Volatile) ±0.1595

December Spread (Stable) ±0.0407

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 0.0960 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0960

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2022: 2.5184) against the same month in 2021 (average: 2.1695), the exchange rate shifted by +0.3489 (+16.08%).

2022 Avg (September) 2.5184

2021 Avg (September) 2.1695

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2494	2.1922	2.2203
February	2.2369	2.1821	2.2107
March	2.3101	2.2524	2.2846
April	2.3915	2.2681	2.3249
May	2.4202	2.3272	2.3791
June	2.4031	2.3349	2.3706
July	2.5016	2.3984	2.4599
August	2.5225	2.3705	2.4624
September	2.5940	2.4616	2.5184
October	2.5657	2.4827	2.5320
November	2.5446	2.3851	2.4360
December	2.3777	2.3370	2.3565