2022 MKD to BTN Historical Review

YEARLY HIGH

1.4314 BTN

YEARLY LOW

1.2761 BTN

YEARLY AVERAGE

1.3427 BTN

2022 MKD to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MKD to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 1.4314. Conversely, the yearly low was recorded on September 27, dropping to 1.2761.

This high-to-low spread represents a total annual volatility of 0.1554 BTN. From a start-to-finish perspective, comparing the January average rate of 1.3670 to the December average rate of 1.4171, the exchange rate registered a net change of 3.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 1.4314 was down 2.54% compared to the 2021 peak of 1.4688, 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 7,157 BTN

2021 Average 7,092 BTN

Yearly Trough Low 6,380 BTN

Transaction Impact: A difference of 776.88 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

1.4297

1.2782

JanuMarcMayJulySeptNove

MKD to BTN 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 1.3520, compared to 1.3333 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0187 points.

H1 Avg (Jan–Jun) 1.3520

H2 Avg (Jul–Dec) 1.3333

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.0708 BTN (High: 1.3784 / Low: 1.3076). On the other end, February was the most stable month, with a tight range of 0.0252 BTN (High: 1.3917 / Low: 1.3665).

November Spread (Volatile) ±0.0708

February Spread (Stable) ±0.0252

Growth Streaks & Declines

Trends

Between 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 June and July, when the average rate fell by 0.0247 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0247

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2022: 1.4171) against the same month in 2021 (average: 1.3819), the exchange rate shifted by +0.0351 (+2.54%).

2022 Avg (December) 1.4171

2021 Avg (December) 1.3819

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3780	1.3526	1.3670
February	1.3917	1.3665	1.3785
March	1.3799	1.3525	1.3615
April	1.3643	1.3068	1.3389
May	1.3552	1.3034	1.3257
June	1.3527	1.3222	1.3404
July	1.3389	1.2956	1.3157
August	1.3344	1.2886	1.3098
September	1.3087	1.2761	1.2908
October	1.3406	1.2905	1.3132
November	1.3784	1.3076	1.3534
December	1.4314	1.3802	1.4171