2022 MKD to SGD Historical Review

YEARLY HIGH

0.0251 SGD

YEARLY LOW

0.0224 SGD

YEARLY AVERAGE

0.0236 SGD

2022 MKD to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MKD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 16, valuing the pair at 0.0251. Conversely, the yearly low was recorded on November 10, dropping to 0.0224.

This high-to-low spread represents a total annual volatility of 0.0027 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0248 to the December average rate of 0.0232, the exchange rate registered a net change of -6.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.0251 was down 5.17% compared to the 2021 peak of 0.0264, 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 125 SGD

2021 Average 129 SGD

Yearly Trough Low 112 SGD

Transaction Impact: A difference of 13.61 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.0250

0.0225

JanuMarcMayJulySeptNove

MKD to SGD 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 0.0242, compared to 0.0229 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) 0.0242

H2 Avg (Jul–Dec) 0.0229

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.0009 SGD (High: 0.0233 / Low: 0.0224). On the other end, February was the most stable month, with a tight range of 0.0004 SGD (High: 0.0250 / Low: 0.0246).

November Spread (Volatile) ±0.0009

February Spread (Stable) ±0.0004

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 0.0007 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2022: 0.0248) against the same month in 2021 (average: 0.0262), the exchange rate shifted by -0.0014 (-5.25%).

2022 Avg (January) 0.0248

2021 Avg (January) 0.0262

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0251	0.0245	0.0248
February	0.0250	0.0246	0.0248
March	0.0245	0.0240	0.0243
April	0.0244	0.0237	0.0240
May	0.0239	0.0235	0.0237
June	0.0240	0.0235	0.0238
July	0.0237	0.0228	0.0231
August	0.0230	0.0225	0.0228
September	0.0231	0.0225	0.0228
October	0.0231	0.0224	0.0227
November	0.0233	0.0224	0.0230
December	0.0234	0.0230	0.0232