2022 MKD to ILS Historical Review

YEARLY HIGH

0.0611 ILS

YEARLY LOW

0.0526 ILS

YEARLY AVERAGE

0.0574 ILS

2022 MKD to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MKD to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.0611. Conversely, the yearly low was recorded on August 26, dropping to 0.0526.

This high-to-low spread represents a total annual volatility of 0.0085 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0576 to the December average rate of 0.0594, the exchange rate registered a net change of 3.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.0611 was down 6.64% compared to the 2021 peak of 0.0655, 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 306 ILS

2021 Average 310 ILS

Yearly Trough Low 263 ILS

Transaction Impact: A difference of 42.54 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.0599

0.0536

JanuMarcMayJulySeptNove

MKD to ILS 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 0.0580, compared to 0.0567 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.0580

H2 Avg (Jul–Dec) 0.0567

Volatility Range Comparison

Volatility

The most volatile month in 2022 was July, with a trading range of 0.0035 ILS (High: 0.0599 / Low: 0.0564). On the other end, October was the most stable month, with a tight range of 0.0012 ILS (High: 0.0571 / Low: 0.0559).

July Spread (Volatile) ±0.0035

October Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0031 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0031

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2022: 0.0594) against the same month in 2021 (average: 0.0575), the exchange rate shifted by +0.0019 (+3.30%).

2022 Avg (December) 0.0594

2021 Avg (December) 0.0575

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0584	0.0565	0.0576
February	0.0600	0.0580	0.0592
March	0.0585	0.0569	0.0579
April	0.0575	0.0563	0.0570
May	0.0592	0.0571	0.0580
June	0.0596	0.0576	0.0585
July	0.0599	0.0564	0.0573
August	0.0560	0.0526	0.0542
September	0.0564	0.0547	0.0556
October	0.0571	0.0559	0.0565
November	0.0585	0.0562	0.0575
December	0.0611	0.0578	0.0594