2022 MKD to TOP Historical Review

YEARLY HIGH

0.0424 TOP

YEARLY LOW

0.0377 TOP

YEARLY AVERAGE

0.0398 TOP

2022 MKD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MKD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 14, valuing the pair at 0.0424. Conversely, the yearly low was recorded on September 25, dropping to 0.0377.

This high-to-low spread represents a total annual volatility of 0.0047 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0418 to the December average rate of 0.0403, the exchange rate registered a net change of -3.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.0424 was down 6.62% compared to the 2021 peak of 0.0454, 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 212 TOP

2021 Average 218 TOP

Yearly Trough Low 189 TOP

Transaction Impact: A difference of 23.45 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.0421

0.0381

JanuMarcMayJulySeptNove

MKD to TOP 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 0.0406, compared to 0.0391 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 0.0406

H2 Avg (Jul–Dec) 0.0391

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.0017 TOP (High: 0.0403 / Low: 0.0386). On the other end, June was the most stable month, with a tight range of 0.0005 TOP (High: 0.0402 / Low: 0.0396).

November Spread (Volatile) ±0.0017

June Spread (Stable) ±0.0005

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 0.0013 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2022: 0.0418) against the same month in 2021 (average: 0.0450), the exchange rate shifted by -0.0032 (-7.20%).

2022 Avg (January) 0.0418

2021 Avg (January) 0.0450

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0424	0.0411	0.0418
February	0.0422	0.0413	0.0417
March	0.0412	0.0399	0.0404
April	0.0404	0.0394	0.0399
May	0.0403	0.0394	0.0399
June	0.0402	0.0396	0.0399
July	0.0398	0.0384	0.0389
August	0.0389	0.0378	0.0385
September	0.0391	0.0377	0.0384
October	0.0394	0.0384	0.0389
November	0.0403	0.0386	0.0395
December	0.0407	0.0399	0.0403