2022 ILS to MKD Historical Review

YEARLY HIGH

19.0116 MKD

YEARLY LOW

16.3644 MKD

YEARLY AVERAGE

17.4387 MKD

2022 ILS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the ILS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 26, valuing the pair at 19.0116. Conversely, the yearly low was recorded on December 28, dropping to 16.3644.

This high-to-low spread represents a total annual volatility of 2.6472 MKD. From a start-to-finish perspective, comparing the January average rate of 17.3583 to the December average rate of 16.8408, the exchange rate registered a net change of -2.98% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 19.0116 was up 7.05% compared to the 2021 peak of 17.7600, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 95,058 MKD

2021 Average 80,660 MKD

Yearly Trough Low 81,822 MKD

Transaction Impact: A difference of 13,235.84 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

18.6294

16.6782

JanuMarcMayJulySeptNove

ILS 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 17.2360, compared to 17.6414 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4055 points.

H1 Avg (Jan–Jun) 17.2360

H2 Avg (Jul–Dec) 17.6414

Volatility Range Comparison

Volatility

The most volatile month in 2022 was August, with a trading range of 1.1535 MKD (High: 19.0116 / Low: 17.8581). On the other end, October was the most stable month, with a tight range of 0.3679 MKD (High: 17.8887 / Low: 17.5208).

August Spread (Volatile) ±1.1535

October Spread (Stable) ±0.3679

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.5376 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.5376

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2022: 18.4668) against the same month in 2021 (average: 16.2391), the exchange rate shifted by +2.2277 (+13.72%).

2022 Avg (August) 18.4668

2021 Avg (August) 16.2391

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.6908	17.1109	17.3583
February	17.2459	16.6595	16.9047
March	17.5860	17.0993	17.2650
April	17.7671	17.3935	17.5503
May	17.5019	16.8966	17.2488
June	17.3689	16.7911	17.0887
July	17.7268	16.6897	17.4607
August	19.0116	17.8581	18.4668
September	18.2757	17.7423	18.0020
October	17.8887	17.5208	17.6999
November	17.7897	17.1064	17.3784
December	17.2916	16.3644	16.8408