2022 MKD to IDR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 MKD to IDR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the MKD to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 272.7621. Conversely, the yearly low was recorded on September 25, dropping to 236.4826.
This high-to-low spread represents a total annual volatility of 36.2795 IDR. From a start-to-finish perspective, comparing the January average rate of 263.3017 to the December average rate of 267.5519, the exchange rate registered a net change of 1.61% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 272.7621 was down 4.58% compared to the 2021 peak of 285.8406, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
MKD to IDR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 256.5562, compared to 251.1221 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.4341 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was November, with a trading range of 15.8971 IDR (High: 265.0512 / Low: 249.1541). On the other end, June was the most stable month, with a tight range of 6.0835 IDR (High: 254.5097 / Low: 248.4261).
Growth Streaks & Declines
TrendsBetween 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 February and March, when the average rate fell by 7.7994 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2022: 267.5519) against the same month in 2021 (average: 262.8711), the exchange rate shifted by +4.6808 (+1.78%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 266.2261 | 259.5925 | 263.3017 |
| February | 268.0191 | 261.6328 | 264.0944 |
| March | 260.3894 | 253.7856 | 256.2950 |
| April | 257.9596 | 248.3069 | 252.9045 |
| May | 255.2533 | 246.5436 | 250.2786 |
| June | 254.5097 | 248.4261 | 252.4626 |
| July | 254.0659 | 244.1056 | 247.7309 |
| August | 248.1499 | 239.2491 | 244.1332 |
| September | 246.3413 | 236.4826 | 241.6270 |
| October | 252.7273 | 241.1446 | 246.2538 |
| November | 265.0512 | 249.1541 | 259.4358 |
| December | 272.7621 | 261.0735 | 267.5519 |