2022 MKD to ARS Historical Review

YEARLY HIGH

3.0686 ARS

YEARLY LOW

1.8853 ARS

YEARLY AVERAGE

2.2222 ARS

2022 MKD to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MKD to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 3.0686. Conversely, the yearly low was recorded on January 2, dropping to 1.8853.

This high-to-low spread represents a total annual volatility of 1.1833 ARS. From a start-to-finish perspective, comparing the January average rate of 1.9086 to the December average rate of 2.9609, the exchange rate registered a net change of 55.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 3.0686 was up 62.37% compared to the 2021 peak of 1.8899, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,343 ARS

2021 Average 9,120 ARS

Yearly Trough Low 9,427 ARS

Transaction Impact: A difference of 5,916.51 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

3.0661

1.8033

JanuMarcMayJulySeptNove

MKD to ARS 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 1.9897, compared to 2.4547 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4650 points.

H1 Avg (Jan–Jun) 1.9897

H2 Avg (Jul–Dec) 2.4547

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.3059 ARS (High: 2.8264 / Low: 2.5205). On the other end, April was the most stable month, with a tight range of 0.0371 ARS (High: 2.0076 / Low: 1.9706).

November Spread (Volatile) ±0.3059

April Spread (Stable) ±0.0371

Growth Streaks & Declines

Trends

Between March and December, 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 February and March, when the average rate fell by 0.0027 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0027

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2022: 2.9609) against the same month in 2021 (average: 1.8690), the exchange rate shifted by +1.0919 (+58.42%).

2022 Avg (December) 2.9609

2021 Avg (December) 1.8690

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9316	1.8853	1.9086
February	1.9705	1.9225	1.9570
March	2.0029	1.9101	1.9543
April	2.0076	1.9706	1.9905
May	2.0992	1.9737	2.0217
June	2.1411	2.0794	2.1064
July	2.1810	2.0784	2.1232
August	2.2635	2.1860	2.2270
September	2.3436	2.2470	2.3037
October	2.5296	2.3331	2.4265
November	2.8264	2.5205	2.6872
December	3.0686	2.8547	2.9609