2022 MKD to ZAR Historical Review

YEARLY HIGH

0.3041 ZAR

YEARLY LOW

0.2553 ZAR

YEARLY AVERAGE

0.2794 ZAR

2022 MKD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MKD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 0.3041. Conversely, the yearly low was recorded on April 12, dropping to 0.2553.

This high-to-low spread represents a total annual volatility of 0.0488 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.2848 to the December average rate of 0.2971, the exchange rate registered a net change of 4.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.3041 was down 1.05% compared to the 2021 peak of 0.3073, 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 1,521 ZAR

2021 Average 1,419 ZAR

Yearly Trough Low 1,277 ZAR

Transaction Impact: A difference of 243.90 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.3004

0.2606

JanuMarcMayJulySeptNove

MKD to ZAR 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 0.2735, compared to 0.2853 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0119 points.

H1 Avg (Jan–Jun) 0.2735

H2 Avg (Jul–Dec) 0.2853

Volatility Range Comparison

Volatility

The most volatile month in 2022 was April, with a trading range of 0.0193 ZAR (High: 0.2746 / Low: 0.2553). On the other end, July was the most stable month, with a tight range of 0.0095 ZAR (High: 0.2833 / Low: 0.2737).

April Spread (Volatile) ±0.0193

July Spread (Stable) ±0.0095

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0130 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0130

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2022: 0.2971) against the same month in 2021 (average: 0.2914), the exchange rate shifted by +0.0057 (+1.96%).

2022 Avg (December) 0.2971

2021 Avg (December) 0.2914

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2938	0.2775	0.2848
February	0.2878	0.2767	0.2803
March	0.2778	0.2589	0.2673
April	0.2746	0.2553	0.2639
May	0.2785	0.2646	0.2728
June	0.2772	0.2660	0.2717
July	0.2833	0.2737	0.2782
August	0.2807	0.2697	0.2751
September	0.2878	0.2769	0.2833
October	0.2958	0.2822	0.2891
November	0.2961	0.2809	0.2891
December	0.3041	0.2925	0.2971