2022 MKD to TRY Historical Review

YEARLY HIGH

0.3237 TRY

YEARLY LOW

0.2405 TRY

YEARLY AVERAGE

0.2820 TRY

2022 MKD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MKD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.3237. Conversely, the yearly low was recorded on January 3, dropping to 0.2405.

This high-to-low spread represents a total annual volatility of 0.0832 TRY. From a start-to-finish perspective, comparing the January average rate of 0.2486 to the December average rate of 0.3205, the exchange rate registered a net change of 28.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.3237 was up 6.48% compared to the 2021 peak of 0.3040, 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 1,619 TRY

2021 Average 851 TRY

Yearly Trough Low 1,203 TRY

Transaction Impact: A difference of 415.87 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.3277

0.2414

JanuMarcMayJulySeptNove

MKD to TRY 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 0.2631, compared to 0.3010 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0379 points.

H1 Avg (Jan–Jun) 0.2631

H2 Avg (Jul–Dec) 0.3010

Volatility Range Comparison

Volatility

The most volatile month in 2022 was May, with a trading range of 0.0347 TRY (High: 0.2867 / Low: 0.2519). On the other end, December was the most stable month, with a tight range of 0.0073 TRY (High: 0.3237 / Low: 0.3164).

May Spread (Volatile) ±0.0347

December Spread (Stable) ±0.0073

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 March and April, when the average rate fell by 0.0027 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0027

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2022: 0.3205) against the same month in 2021 (average: 0.2470), the exchange rate shifted by +0.0736 (+29.78%).

2022 Avg (December) 0.3205

2021 Avg (December) 0.2470

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2558	0.2405	0.2486
February	0.2574	0.2448	0.2510
March	0.2654	0.2507	0.2611
April	0.2636	0.2532	0.2585
May	0.2867	0.2519	0.2681
June	0.2991	0.2825	0.2913
July	0.2975	0.2816	0.2887
August	0.3012	0.2923	0.2967
September	0.3002	0.2886	0.2950
October	0.3023	0.2923	0.2964
November	0.3148	0.2963	0.3083
December	0.3237	0.3164	0.3205