2022 PEN to MKD Historical Review

YEARLY HIGH

16.3249 MKD

YEARLY LOW

13.6451 MKD

YEARLY AVERAGE

15.2770 MKD

2022 PEN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the PEN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 16.3249. Conversely, the yearly low was recorded on January 2, dropping to 13.6451.

This high-to-low spread represents a total annual volatility of 2.6797 MKD. From a start-to-finish perspective, comparing the January average rate of 13.9843 to the December average rate of 15.2117, the exchange rate registered a net change of 8.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 16.3249 was up 13.20% compared to the 2021 peak of 14.4214, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 PEN based on timing:

Yearly Peak High 81,624 MKD

2021 Average 67,209 MKD

Yearly Trough Low 68,226 MKD

Transaction Impact: A difference of 13,398.54 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

16.1595

13.7865

JanuMarcMayJulySeptNove

PEN to MKD 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 14.9337, compared to 15.6204 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6867 points.

H1 Avg (Jan–Jun) 14.9337

H2 Avg (Jul–Dec) 15.6204

Volatility Range Comparison

Volatility

The most volatile month in 2022 was August, with a trading range of 0.8255 MKD (High: 16.1522 / Low: 15.3267). On the other end, December was the most stable month, with a tight range of 0.2755 MKD (High: 15.3756 / Low: 15.1001).

August Spread (Volatile) ±0.8255

December Spread (Stable) ±0.2755

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.3634 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.3634

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2022: 15.9618) against the same month in 2021 (average: 12.7266), the exchange rate shifted by +3.2351 (+25.42%).

2022 Avg (September) 15.9618

2021 Avg (September) 12.7266

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.4007	13.6451	13.9843
February	14.6320	13.9329	14.3392
March	15.2029	14.6242	14.9697
April	15.4433	14.9643	15.2337
May	15.7295	15.2099	15.5247
June	15.8458	15.3235	15.5506
July	15.6926	15.3290	15.5134
August	16.1522	15.3267	15.6909
September	16.3249	15.6994	15.9618
October	16.0460	15.4545	15.7696
November	15.8880	15.3323	15.5751
December	15.3756	15.1001	15.2117