2022 RSD to MKD Historical Review

YEARLY HIGH

0.5381 MKD

YEARLY LOW

0.5153 MKD

YEARLY AVERAGE

0.5245 MKD

2022 RSD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the RSD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 10, valuing the pair at 0.5381. Conversely, the yearly low was recorded on September 23, dropping to 0.5153.

This high-to-low spread represents a total annual volatility of 0.0228 MKD. From a start-to-finish perspective, comparing the January average rate of 0.5242 to the December average rate of 0.5254, the exchange rate registered a net change of 0.23% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.5381 was up 2.07% compared to the 2021 peak of 0.5271, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,690 MKD

2021 Average 2,619 MKD

Yearly Trough Low 2,576 MKD

Transaction Impact: A difference of 114.00 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.5263

0.5227

JanuMarcMayJulySeptNove

RSD 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 0.5239, compared to 0.5250 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.5239

H2 Avg (Jul–Dec) 0.5250

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.0215 MKD (High: 0.5381 / Low: 0.5166). On the other end, April was the most stable month, with a tight range of 0.0054 MKD (High: 0.5247 / Low: 0.5193).

November Spread (Volatile) ±0.0215

April Spread (Stable) ±0.0054

Growth Streaks & Declines

Trends

Between August and November, 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 July and August, when the average rate fell by 0.0009 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2022: 0.5260) against the same month in 2021 (average: 0.5238), the exchange rate shifted by +0.0022 (+0.41%).

2022 Avg (November) 0.5260

2021 Avg (November) 0.5238

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5281	0.5200	0.5242
February	0.5316	0.5190	0.5244
March	0.5290	0.5183	0.5236
April	0.5247	0.5193	0.5230
May	0.5281	0.5211	0.5244
June	0.5295	0.5195	0.5241
July	0.5302	0.5223	0.5250
August	0.5274	0.5189	0.5240
September	0.5325	0.5153	0.5242
October	0.5312	0.5160	0.5256
November	0.5381	0.5166	0.5260
December	0.5291	0.5228	0.5254