2023 AOA to MKD Historical Review

YEARLY HIGH

0.1166 MKD

YEARLY LOW

0.0664 MKD

YEARLY AVERAGE

0.0878 MKD

2023 AOA to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AOA to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.1166. Conversely, the yearly low was recorded on July 18, dropping to 0.0664.

This high-to-low spread represents a total annual volatility of 0.0503 MKD. From a start-to-finish perspective, comparing the January average rate of 0.1135 to the December average rate of 0.0679, the exchange rate registered a net change of -40.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1166 was down 21.22% compared to the 2022 peak of 0.1480, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 583 MKD

2022 Average 642 MKD

Yearly Trough Low 332 MKD

Transaction Impact: A difference of 251.32 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1186

0.0628

JanuMarcMayJulySeptNove

AOA 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 0.1068, compared to 0.0687 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0381 points.

H1 Avg (Jan–Jun) 0.1068

H2 Avg (Jul–Dec) 0.0687

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0295 MKD (High: 0.0978 / Low: 0.0683). On the other end, October was the most stable month, with a tight range of 0.0013 MKD (High: 0.0710 / Low: 0.0697).

June Spread (Volatile) ±0.0295

October Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

Between July and October, 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 May and June, when the average rate fell by 0.0251 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0251

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1135) against the same month in 2022 (average: 0.1013), the exchange rate shifted by +0.0122 (+12.09%).

2023 Avg (January) 0.1135

2022 Avg (January) 0.1013

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1166	0.1117	0.1135
February	0.1157	0.1118	0.1139
March	0.1155	0.1115	0.1137
April	0.1120	0.1088	0.1106
May	0.1109	0.0988	0.1070
June	0.0978	0.0683	0.0819
July	0.0687	0.0664	0.0675
August	0.0692	0.0677	0.0683
September	0.0707	0.0691	0.0696
October	0.0710	0.0697	0.0704
November	0.0705	0.0676	0.0686
December	0.0689	0.0666	0.0679