2022 MKD to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 MKD to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the MKD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on June 1, valuing the pair at 66.0993. Conversely, the yearly low was recorded on September 26, dropping to 60.1695.
This high-to-low spread represents a total annual volatility of 5.9298 UGX. From a start-to-finish perspective, comparing the January average rate of 64.8309 to the December average rate of 63.3613, the exchange rate registered a net change of -2.27% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2022 high of 66.0993 was down 10.53% compared to the 2021 peak of 73.8803, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
MKD to UGX Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 63.7660, compared to 62.3323 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.4337 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was May, with a trading range of 5.5914 UGX (High: 65.8007 / Low: 60.2093). On the other end, March was the most stable month, with a tight range of 1.5162 UGX (High: 65.0760 / Low: 63.5599).
Growth Streaks & Declines
TrendsBetween 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 March and April, when the average rate fell by 1.8697 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2022: 64.3545) against the same month in 2021 (average: 69.2366), the exchange rate shifted by -4.8821 (-7.05%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 65.5401 | 63.4074 | 64.8309 |
| February | 65.4928 | 63.9672 | 64.6783 |
| March | 65.0760 | 63.5599 | 64.1657 |
| April | 64.2149 | 60.6933 | 62.2960 |
| May | 65.8007 | 60.2093 | 62.2706 |
| June | 66.0993 | 63.4426 | 64.3545 |
| July | 64.1844 | 61.2180 | 62.7473 |
| August | 64.6179 | 61.3321 | 63.1293 |
| September | 62.7470 | 60.1695 | 61.5610 |
| October | 61.9644 | 60.2774 | 60.9670 |
| November | 63.2653 | 60.1837 | 62.2277 |
| December | 64.4956 | 62.6192 | 63.3613 |