2022 RWF to MKD Historical Review

YEARLY HIGH

0.0608 MKD

YEARLY LOW

0.0518 MKD

YEARLY AVERAGE

0.0565 MKD

2022 RWF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the RWF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 0.0608. Conversely, the yearly low was recorded on January 15, dropping to 0.0518.

This high-to-low spread represents a total annual volatility of 0.0090 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0530 to the December average rate of 0.0544, the exchange rate registered a net change of 2.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.0608 was up 11.54% compared to the 2021 peak of 0.0545, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 304 MKD

2021 Average 260 MKD

Yearly Trough Low 259 MKD

Transaction Impact: A difference of 45.04 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.0602

0.0523

JanuMarcMayJulySeptNove

RWF 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 0.0551, compared to 0.0580 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0029 points.

H1 Avg (Jan–Jun) 0.0551

H2 Avg (Jul–Dec) 0.0580

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.0049 MKD (High: 0.0596 / Low: 0.0548). On the other end, March was the most stable month, with a tight range of 0.0009 MKD (High: 0.0554 / Low: 0.0545).

November Spread (Volatile) ±0.0049

March Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between February and May, 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 October and November, when the average rate fell by 0.0026 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2022: 0.0596) against the same month in 2021 (average: 0.0519), the exchange rate shifted by +0.0077 (+14.74%).

2022 Avg (September) 0.0596

2021 Avg (September) 0.0519

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0543	0.0518	0.0530
February	0.0543	0.0519	0.0530
March	0.0554	0.0545	0.0549
April	0.0573	0.0546	0.0557
May	0.0581	0.0559	0.0570
June	0.0578	0.0558	0.0568
July	0.0599	0.0576	0.0588
August	0.0600	0.0578	0.0588
September	0.0608	0.0587	0.0596
October	0.0606	0.0581	0.0595
November	0.0596	0.0548	0.0568
December	0.0553	0.0539	0.0544