2023 ARS to MKD Historical Review

YEARLY HIGH

0.3282 MKD

YEARLY LOW

0.0686 MKD

YEARLY AVERAGE

0.2181 MKD

2023 ARS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ARS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.3282. Conversely, the yearly low was recorded on December 28, dropping to 0.0686.

This high-to-low spread represents a total annual volatility of 0.2596 MKD. From a start-to-finish perspective, comparing the January average rate of 0.3143 to the December average rate of 0.1035, the exchange rate registered a net change of -67.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3282 was down 38.13% compared to the 2022 peak of 0.5304, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,641 MKD

2022 Average 2,288 MKD

Yearly Trough Low 343 MKD

Transaction Impact: A difference of 1,297.94 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3353

0.0824

JanuMarcMayJulySeptNove

ARS 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 0.2724, compared to 0.1639 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1085 points.

H1 Avg (Jan–Jun) 0.2724

H2 Avg (Jul–Dec) 0.1639

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0888 MKD (High: 0.1574 / Low: 0.0686). On the other end, October was the most stable month, with a tight range of 0.0029 MKD (High: 0.1679 / Low: 0.1650).

December Spread (Volatile) ±0.0888

October Spread (Stable) ±0.0029

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0578 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0578

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3143) against the same month in 2022 (average: 0.5240), the exchange rate shifted by -0.2097 (-40.03%).

2023 Avg (January) 0.3143

2022 Avg (January) 0.5240

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3282	0.3033	0.3143
February	0.3037	0.2952	0.3000
March	0.2938	0.2709	0.2842
April	0.2714	0.2499	0.2610
May	0.2518	0.2399	0.2457
June	0.2401	0.2199	0.2293
July	0.2210	0.2030	0.2098
August	0.2026	0.1612	0.1775
September	0.1673	0.1629	0.1647
October	0.1679	0.1650	0.1664
November	0.1671	0.1559	0.1613
December	0.1574	0.0686	0.1035