2022 MKD to CVE Historical Review

YEARLY HIGH

1.8842 CVE

YEARLY LOW

1.7189 CVE

YEARLY AVERAGE

1.7943 CVE

2022 MKD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MKD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 31, valuing the pair at 1.8842. Conversely, the yearly low was recorded on September 21, dropping to 1.7189.

This high-to-low spread represents a total annual volatility of 0.1653 CVE. From a start-to-finish perspective, comparing the January average rate of 1.7947 to the December average rate of 1.7932, the exchange rate registered a net change of -0.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 1.8842 was up 1.58% compared to the 2021 peak of 1.8549, 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 9,421 CVE

2021 Average 8,983 CVE

Yearly Trough Low 8,594 CVE

Transaction Impact: A difference of 826.40 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

1.8021

1.7777

JanuMarcMayJulySeptNove

MKD to CVE 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 1.7951, compared to 1.7936 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 1.7951

H2 Avg (Jul–Dec) 1.7936

Volatility Range Comparison

Volatility

The most volatile month in 2022 was October, with a trading range of 0.1045 CVE (High: 1.8842 / Low: 1.7797). On the other end, January was the most stable month, with a tight range of 0.0264 CVE (High: 1.8100 / Low: 1.7836).

October Spread (Volatile) ±0.1045

January Spread (Stable) ±0.0264

Growth Streaks & Declines

Trends

Between January and March, 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 0.0165 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0165

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2022: 1.7988) against the same month in 2021 (average: 1.7963), the exchange rate shifted by +0.0025 (+0.14%).

2022 Avg (October) 1.7988

2021 Avg (October) 1.7963

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8100	1.7836	1.7947
February	1.8135	1.7813	1.7956
March	1.8242	1.7728	1.7961
April	1.8061	1.7710	1.7923
May	1.8079	1.7739	1.7958
June	1.8088	1.7753	1.7963
July	1.8109	1.7274	1.7798
August	1.8072	1.7794	1.7984
September	1.8166	1.7189	1.7913
October	1.8842	1.7797	1.7988
November	1.8427	1.7775	1.8000
December	1.8170	1.7816	1.7932