2022 MKD to PHP Historical Review

YEARLY HIGH

0.9710 PHP

YEARLY LOW

0.8828 PHP

YEARLY AVERAGE

0.9306 PHP

2022 MKD to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MKD to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.9710. Conversely, the yearly low was recorded on May 15, dropping to 0.8828.

This high-to-low spread represents a total annual volatility of 0.0882 PHP. From a start-to-finish perspective, comparing the January average rate of 0.9409 to the December average rate of 0.9544, the exchange rate registered a net change of 1.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.9710 was down 0.43% compared to the 2021 peak of 0.9752, 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 4,855 PHP

2021 Average 4,729 PHP

Yearly Trough Low 4,414 PHP

Transaction Impact: A difference of 441.01 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.9600

0.8932

JanuMarcMayJulySeptNove

MKD to PHP 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 0.9252, compared to 0.9361 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0109 points.

H1 Avg (Jan–Jun) 0.9252

H2 Avg (Jul–Dec) 0.9361

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.0428 PHP (High: 0.9681 / Low: 0.9254). On the other end, March was the most stable month, with a tight range of 0.0179 PHP (High: 0.9389 / Low: 0.9210).

November Spread (Volatile) ±0.0428

March Spread (Stable) ±0.0179

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 March and April, when the average rate fell by 0.0174 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0174

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2022: 0.9544) against the same month in 2021 (average: 0.9233), the exchange rate shifted by +0.0311 (+3.37%).

2022 Avg (December) 0.9544

2021 Avg (December) 0.9233

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9549	0.9251	0.9409
February	0.9594	0.9336	0.9438
March	0.9389	0.9210	0.9313
April	0.9250	0.8960	0.9139
May	0.9156	0.8828	0.8988
June	0.9430	0.9051	0.9222
July	0.9365	0.9139	0.9245
August	0.9317	0.9074	0.9192
September	0.9448	0.9181	0.9291
October	0.9510	0.9270	0.9373
November	0.9681	0.9254	0.9519
December	0.9710	0.9437	0.9544