2022 MKD to KES Historical Review

YEARLY HIGH

2.1395 KES

YEARLY LOW

1.8880 KES

YEARLY AVERAGE

2.0161 KES

2022 MKD to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MKD to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 2.1395. Conversely, the yearly low was recorded on September 27, dropping to 1.8880.

This high-to-low spread represents a total annual volatility of 0.2514 KES. From a start-to-finish perspective, comparing the January average rate of 2.0831 to the December average rate of 2.1143, the exchange rate registered a net change of 1.50% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 2.1395 was down 2.29% compared to the 2021 peak of 2.1896, 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 10,697 KES

2021 Average 10,528 KES

Yearly Trough Low 9,440 KES

Transaction Impact: A difference of 1,257.10 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

2.1326

1.9132

JanuMarcMayJulySeptNove

MKD to KES 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 2.0431, compared to 1.9892 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0539 points.

H1 Avg (Jan–Jun) 2.0431

H2 Avg (Jul–Dec) 1.9892

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.1301 KES (High: 2.0701 / Low: 1.9401). On the other end, February was the most stable month, with a tight range of 0.0440 KES (High: 2.1159 / Low: 2.0718).

November Spread (Volatile) ±0.1301

February Spread (Stable) ±0.0440

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 0.0559 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0559

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2022: 2.1143) against the same month in 2021 (average: 2.0734), the exchange rate shifted by +0.0409 (+1.97%).

2022 Avg (December) 2.1143

2021 Avg (December) 2.0734

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1090	2.0526	2.0831
February	2.1159	2.0718	2.0917
March	2.0755	2.0090	2.0439
April	2.0665	1.9797	2.0292
May	2.0409	1.9605	1.9961
June	2.0355	1.9875	2.0145
July	2.0003	1.9228	1.9586
August	2.0033	1.9346	1.9680
September	1.9822	1.8880	1.9416
October	1.9710	1.9035	1.9315
November	2.0701	1.9401	2.0210
December	2.1395	2.0825	2.1143