2022 MKD to GEL Historical Review

YEARLY HIGH

0.0609 GEL

YEARLY LOW

0.0434 GEL

YEARLY AVERAGE

0.0500 GEL

2022 MKD to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MKD to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 0.0609. Conversely, the yearly low was recorded on October 16, dropping to 0.0434.

This high-to-low spread represents a total annual volatility of 0.0175 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0565 to the December average rate of 0.0460, the exchange rate registered a net change of -18.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.0609 was down 10.51% compared to the 2021 peak of 0.0681, 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 305 GEL

2021 Average 309 GEL

Yearly Trough Low 217 GEL

Transaction Impact: A difference of 87.59 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.0590

0.0430

JanuMarcMayJulySeptNove

MKD to GEL 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 0.0541, compared to 0.0459 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0082 points.

H1 Avg (Jan–Jun) 0.0541

H2 Avg (Jul–Dec) 0.0459

Volatility Range Comparison

Volatility

The most volatile month in 2022 was March, with a trading range of 0.0052 GEL (High: 0.0609 / Low: 0.0558). On the other end, December was the most stable month, with a tight range of 0.0013 GEL (High: 0.0468 / Low: 0.0454).

March Spread (Volatile) ±0.0052

December Spread (Stable) ±0.0013

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 March and April, when the average rate fell by 0.0039 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0039

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2022: 0.0576) against the same month in 2021 (average: 0.0644), the exchange rate shifted by -0.0068 (-10.50%).

2022 Avg (March) 0.0576

2021 Avg (March) 0.0644

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0574	0.0551	0.0565
February	0.0581	0.0540	0.0552
March	0.0609	0.0558	0.0576
April	0.0556	0.0521	0.0537
May	0.0526	0.0493	0.0509
June	0.0523	0.0494	0.0505
July	0.0499	0.0458	0.0484
August	0.0472	0.0448	0.0456
September	0.0485	0.0443	0.0458
October	0.0451	0.0434	0.0443
November	0.0460	0.0436	0.0451
December	0.0468	0.0454	0.0460