2022 MKD to ETB Historical Review

YEARLY HIGH

0.9363 ETB

YEARLY LOW

0.8245 ETB

YEARLY AVERAGE

0.8881 ETB

2022 MKD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MKD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 0.9363. Conversely, the yearly low was recorded on September 27, dropping to 0.8245.

This high-to-low spread represents a total annual volatility of 0.1117 ETB. From a start-to-finish perspective, comparing the January average rate of 0.9110 to the December average rate of 0.9200, the exchange rate registered a net change of 0.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.9363 was down 77.50% compared to the 2021 peak of 4.1620, 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 4,681 ETB

2021 Average 4,248 ETB

Yearly Trough Low 4,123 ETB

Transaction Impact: A difference of 558.71 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.9377

0.8340

JanuMarcMayJulySeptNove

MKD to ETB 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 0.9059, compared to 0.8703 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0356 points.

H1 Avg (Jan–Jun) 0.9059

H2 Avg (Jul–Dec) 0.8703

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.0585 ETB (High: 0.9028 / Low: 0.8443). On the other end, January was the most stable month, with a tight range of 0.0220 ETB (High: 0.9222 / Low: 0.9002).

November Spread (Volatile) ±0.0585

January Spread (Stable) ±0.0220

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 0.0273 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0273

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2022: 0.9290) against the same month in 2021 (average: 0.7817), the exchange rate shifted by +0.1474 (+18.85%).

2022 Avg (February) 0.9290

2021 Avg (February) 0.7817

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9222	0.9002	0.9110
February	0.9363	0.9125	0.9290
March	0.9251	0.8971	0.9137
April	0.9229	0.8791	0.9029
May	0.9081	0.8689	0.8862
June	0.9058	0.8811	0.8923
July	0.8847	0.8486	0.8651
August	0.8805	0.8475	0.8646
September	0.8672	0.8245	0.8486
October	0.8607	0.8312	0.8426
November	0.9028	0.8443	0.8810
December	0.9294	0.9069	0.9200