2022 MKD to CDF Historical Review

YEARLY HIGH

37.3970 CDF

YEARLY LOW

32.0649 CDF

YEARLY AVERAGE

34.5573 CDF

2022 MKD to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MKD to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 6, valuing the pair at 37.3970. Conversely, the yearly low was recorded on September 27, dropping to 32.0649.

This high-to-low spread represents a total annual volatility of 5.3321 CDF. From a start-to-finish perspective, comparing the January average rate of 36.8395 to the December average rate of 35.1507, the exchange rate registered a net change of -4.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 37.3970 was down 5.88% compared to the 2021 peak of 39.7336, 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 186,985 CDF

2021 Average 191,180 CDF

Yearly Trough Low 160,325 CDF

Transaction Impact: A difference of 26,660.46 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

37.3987

32.2129

JanuMarcMayJulySeptNove

MKD to CDF 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 35.6373, compared to 33.4772 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.1601 points.

H1 Avg (Jan–Jun) 35.6373

H2 Avg (Jul–Dec) 33.4772

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 2.0868 CDF (High: 34.7021 / Low: 32.6153). On the other end, December was the most stable month, with a tight range of 0.6771 CDF (High: 35.4842 / Low: 34.8071).

November Spread (Volatile) ±2.0868

December Spread (Stable) ±0.6771

Growth Streaks & Declines

Trends

Between October and December, 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 June and July, when the average rate fell by 1.3070 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.3070

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2022: 36.9665) against the same month in 2021 (average: 38.8591), the exchange rate shifted by -1.8926 (-4.87%).

2022 Avg (February) 36.9665

2021 Avg (February) 38.8591

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	37.3454	36.2490	36.8395
February	37.3970	36.5699	36.9665
March	36.2708	35.3394	35.8603
April	36.0784	34.2781	35.2871
May	34.9729	33.8879	34.4921
June	34.8951	33.9269	34.3784
July	33.9257	32.5204	33.0714
August	33.5532	32.6140	33.1177
September	33.6693	32.0649	32.9141
October	33.1328	32.2718	32.6451
November	34.7021	32.6153	33.9645
December	35.4842	34.8071	35.1507