2023 AFN to MKD Historical Review

YEARLY HIGH

0.8248 MKD

YEARLY LOW

0.6137 MKD

YEARLY AVERAGE

0.6934 MKD

2023 AFN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 0.8248. Conversely, the yearly low was recorded on April 18, dropping to 0.6137.

This high-to-low spread represents a total annual volatility of 0.2111 MKD. From a start-to-finish perspective, comparing the January average rate of 0.6436 to the December average rate of 0.8062, the exchange rate registered a net change of 25.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8248 was up 10.85% compared to the 2022 peak of 0.7441, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,124 MKD

2022 Average 3,267 MKD

Yearly Trough Low 3,068 MKD

Transaction Impact: A difference of 1,055.68 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8226

0.6253

JanuMarcMayJulySeptNove

AFN 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 0.6490, compared to 0.7377 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0887 points.

H1 Avg (Jan–Jun) 0.6490

H2 Avg (Jul–Dec) 0.7377

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0830 MKD (High: 0.7824 / Low: 0.6994). On the other end, March was the most stable month, with a tight range of 0.0152 MKD (High: 0.6643 / Low: 0.6490).

September Spread (Volatile) ±0.0830

March Spread (Stable) ±0.0152

Growth Streaks & Declines

Trends

Between July and December, 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 June and July, when the average rate fell by 0.0128 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0128

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.8062) against the same month in 2022 (average: 0.6654), the exchange rate shifted by +0.1407 (+21.15%).

2023 Avg (December) 0.8062

2022 Avg (December) 0.6654

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6662	0.6307	0.6436
February	0.6619	0.6229	0.6418
March	0.6643	0.6490	0.6569
April	0.6595	0.6137	0.6480
May	0.6596	0.6341	0.6479
June	0.6704	0.6426	0.6559
July	0.6596	0.6283	0.6431
August	0.6987	0.6458	0.6687
September	0.7824	0.6994	0.7399
October	0.7919	0.7474	0.7712
November	0.8246	0.7726	0.7974
December	0.8248	0.7875	0.8062