2022 MKD to NPR Historical Review

YEARLY HIGH

2.2903 NPR

YEARLY LOW

2.0417 NPR

YEARLY AVERAGE

2.1481 NPR

2022 MKD to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MKD to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 2.2903. Conversely, the yearly low was recorded on September 27, dropping to 2.0417.

This high-to-low spread represents a total annual volatility of 0.2486 NPR. From a start-to-finish perspective, comparing the January average rate of 2.1873 to the December average rate of 2.2671, the exchange rate registered a net change of 3.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 2.2903 was down 2.54% compared to the 2021 peak of 2.3501, 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 11,451 NPR

2021 Average 11,347 NPR

Yearly Trough Low 10,208 NPR

Transaction Impact: A difference of 1,243.03 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

2.2872

2.0455

JanuMarcMayJulySeptNove

MKD to NPR 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 2.1631, compared to 2.1332 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0299 points.

H1 Avg (Jan–Jun) 2.1631

H2 Avg (Jul–Dec) 2.1332

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.1133 NPR (High: 2.2055 / Low: 2.0922). On the other end, February was the most stable month, with a tight range of 0.0404 NPR (High: 2.2268 / Low: 2.1864).

November Spread (Volatile) ±0.1133

February Spread (Stable) ±0.0404

Growth Streaks & Declines

Trends

Between 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 June and July, when the average rate fell by 0.0402 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0402

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2022: 2.2671) against the same month in 2021 (average: 2.2118), the exchange rate shifted by +0.0553 (+2.50%).

2022 Avg (December) 2.2671

2021 Avg (December) 2.2118

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2048	2.1640	2.1873
February	2.2268	2.1864	2.2056
March	2.2079	2.1639	2.1779
April	2.1829	2.0910	2.1422
May	2.1684	2.0856	2.1209
June	2.1643	2.1155	2.1446
July	2.1422	2.0730	2.1043
August	2.1351	2.0617	2.0957
September	2.0940	2.0417	2.0657
October	2.1450	2.0647	2.1011
November	2.2055	2.0922	2.1652
December	2.2903	2.2083	2.2671