2022 ZAR to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 ZAR to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the ZAR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 12, valuing the pair at 3.9166. Conversely, the yearly low was recorded on December 16, dropping to 3.2883.
This high-to-low spread represents a total annual volatility of 0.6282 MKD. From a start-to-finish perspective, comparing the January average rate of 3.5125 to the December average rate of 3.3662, the exchange rate registered a net change of -4.16% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2022 high of 3.9166 was up 3.47% compared to the 2021 peak of 3.7851, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 ZAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
ZAR 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 3.6604, compared to 3.5077 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1527 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was April, with a trading range of 0.2754 MKD (High: 3.9166 / Low: 3.6412). On the other end, July was the most stable month, with a tight range of 0.1231 MKD (High: 3.6534 / Low: 3.5303).
Growth Streaks & Declines
TrendsBetween January and April, 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 April and May, when the average rate fell by 0.1249 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2022: 3.7912) against the same month in 2021 (average: 3.5715), the exchange rate shifted by +0.2197 (+6.15%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.6039 | 3.4038 | 3.5125 |
| February | 3.6138 | 3.4749 | 3.5685 |
| March | 3.8623 | 3.5992 | 3.7428 |
| April | 3.9166 | 3.6412 | 3.7912 |
| May | 3.7797 | 3.5910 | 3.6663 |
| June | 3.7591 | 3.6076 | 3.6810 |
| July | 3.6534 | 3.5303 | 3.5942 |
| August | 3.7084 | 3.5625 | 3.6359 |
| September | 3.6121 | 3.4749 | 3.5303 |
| October | 3.5431 | 3.3812 | 3.4600 |
| November | 3.5596 | 3.3767 | 3.4598 |
| December | 3.4189 | 3.2883 | 3.3662 |