2022 SGD to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 SGD to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the SGD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 10, valuing the pair at 44.7369. Conversely, the yearly low was recorded on January 16, dropping to 39.8801.
This high-to-low spread represents a total annual volatility of 4.8568 MKD. From a start-to-finish perspective, comparing the January average rate of 40.3023 to the December average rate of 43.0388, the exchange rate registered a net change of 6.79% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 44.7369 was up 10.80% compared to the 2021 peak of 40.3769, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
SGD to MKD 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 41.2935, compared to 43.6309 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.3374 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was November, with a trading range of 1.7941 MKD (High: 44.7369 / Low: 42.9428). On the other end, February was the most stable month, with a tight range of 0.6845 MKD (High: 40.6091 / Low: 39.9246).
Growth Streaks & Declines
TrendsBetween January and May, 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 November and December, when the average rate fell by 0.5327 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2022: 43.5714) against the same month in 2021 (average: 39.7915), the exchange rate shifted by +3.7799 (+9.50%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 40.8687 | 39.8801 | 40.3023 |
| February | 40.6091 | 39.9246 | 40.3432 |
| March | 41.6752 | 40.8264 | 41.2004 |
| April | 42.2521 | 41.0613 | 41.6804 |
| May | 42.6040 | 41.8210 | 42.1699 |
| June | 42.6161 | 41.7229 | 42.0647 |
| July | 43.8408 | 42.2165 | 43.3396 |
| August | 44.4556 | 43.4958 | 43.8843 |
| September | 44.4652 | 43.2641 | 43.9218 |
| October | 44.6475 | 43.3489 | 44.0294 |
| November | 44.7369 | 42.9428 | 43.5714 |
| December | 43.5525 | 42.6490 | 43.0388 |