2022 MKD to AOA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 MKD to AOA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the MKD to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 10.2226. Conversely, the yearly low was recorded on September 27, dropping to 6.7551.
This high-to-low spread represents a total annual volatility of 3.4675 AOA. From a start-to-finish perspective, comparing the January average rate of 9.8797 to the December average rate of 8.6693, the exchange rate registered a net change of -12.25% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2022 high of 10.2226 was down 22.13% compared to the 2021 peak of 13.1284, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
MKD to AOA Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 8.2636, compared to 7.5493 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7143 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was April, with a trading range of 1.0395 AOA (High: 7.9799 / Low: 6.9404). On the other end, December was the most stable month, with a tight range of 0.1474 AOA (High: 8.7477 / Low: 8.6003).
Growth Streaks & Declines
TrendsBetween September and December, 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 February and March, when the average rate fell by 1.1356 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2022: 9.8797) against the same month in 2021 (average: 12.9495), the exchange rate shifted by -3.0698 (-23.71%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 10.2226 | 9.5724 | 9.8797 |
| February | 9.8047 | 9.0429 | 9.4672 |
| March | 8.9620 | 8.0114 | 8.3317 |
| April | 7.9799 | 6.9404 | 7.4475 |
| May | 7.3749 | 6.8585 | 7.0622 |
| June | 7.4978 | 7.2784 | 7.3935 |
| July | 7.2704 | 7.0033 | 7.1279 |
| August | 7.2033 | 6.9296 | 7.0707 |
| September | 7.0588 | 6.7551 | 6.9352 |
| October | 7.8159 | 6.8639 | 7.1957 |
| November | 8.6452 | 7.7906 | 8.2971 |
| December | 8.7477 | 8.6003 | 8.6693 |