2022 MKD to RWF Historical Review

YEARLY HIGH

19.3017 RWF

YEARLY LOW

16.4429 RWF

YEARLY AVERAGE

17.7238 RWF

2022 MKD to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MKD to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 14, valuing the pair at 19.3017. Conversely, the yearly low was recorded on September 27, dropping to 16.4429.

This high-to-low spread represents a total annual volatility of 2.8589 RWF. From a start-to-finish perspective, comparing the January average rate of 18.8700 to the December average rate of 18.3982, the exchange rate registered a net change of -2.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 19.3017 was down 3.13% compared to the 2021 peak of 19.9261, 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 96,509 RWF

2021 Average 96,126 RWF

Yearly Trough Low 82,214 RWF

Transaction Impact: A difference of 14,294.36 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

19.0869

16.5754

JanuMarcMayJulySeptNove

MKD to RWF 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 18.1782, compared to 17.2694 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9088 points.

H1 Avg (Jan–Jun) 18.1782

H2 Avg (Jul–Dec) 17.2694

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 1.4854 RWF (High: 18.2558 / Low: 16.7704). On the other end, March was the most stable month, with a tight range of 0.3125 RWF (High: 18.3654 / Low: 18.0529).

November Spread (Volatile) ±1.4854

March Spread (Stable) ±0.3125

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 February and March, when the average rate fell by 0.6583 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.6583

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2022: 18.8700) against the same month in 2021 (average: 19.5118), the exchange rate shifted by -0.6418 (-3.29%).

2022 Avg (January) 18.8700

2021 Avg (January) 19.5118

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.3017	18.4228	18.8700
February	19.2518	18.4007	18.8776
March	18.3654	18.0529	18.2193
April	18.3121	17.4524	17.9431
May	17.8916	17.2262	17.5524
June	17.9135	17.3126	17.6067
July	17.3487	16.7080	17.0138
August	17.2940	16.6531	17.0025
September	17.0468	16.4429	16.7847
October	17.1991	16.4960	16.8142
November	18.2558	16.7704	17.6030
December	18.5660	18.0912	18.3982