2023 AZN to MKD Historical Review

YEARLY HIGH

34.5658 MKD

YEARLY LOW

32.2187 MKD

YEARLY AVERAGE

33.4940 MKD

2023 AZN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AZN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 34.5658. Conversely, the yearly low was recorded on July 16, dropping to 32.2187.

This high-to-low spread represents a total annual volatility of 2.3471 MKD. From a start-to-finish perspective, comparing the January average rate of 33.6378 to the December average rate of 33.1690, the exchange rate registered a net change of -1.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 34.5658 was down 8.11% compared to the 2022 peak of 37.6148, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 172,829 MKD

2022 Average 172,308 MKD

Yearly Trough Low 161,093 MKD

Transaction Impact: A difference of 11,735.49 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

34.4103

32.6110

JanuMarcMayJulySeptNove

AZN 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 33.5221, compared to 33.4660 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0560 points.

H1 Avg (Jan–Jun) 33.5221

H2 Avg (Jul–Dec) 33.4660

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.4423 MKD (High: 34.4068 / Low: 32.9645). On the other end, October was the most stable month, with a tight range of 0.5932 MKD (High: 34.5652 / Low: 33.9721).

November Spread (Volatile) ±1.4423

October Spread (Stable) ±0.5932

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 March and April, when the average rate fell by 0.8241 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.8241

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 33.6378) against the same month in 2022 (average: 32.0237), the exchange rate shifted by +1.6141 (+5.04%).

2023 Avg (January) 33.6378

2022 Avg (January) 32.0237

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	34.5658	33.1590	33.6378
February	34.2595	33.1610	33.8404
March	34.3789	33.2390	33.8443
April	33.4448	32.5602	33.0202
May	33.9099	32.7641	33.3416
June	33.9164	33.0154	33.4480
July	33.2839	32.2187	32.7609
August	33.5710	32.8700	33.2033
September	34.4497	33.5127	33.9057
October	34.5652	33.9721	34.2603
November	34.4068	32.9645	33.4969
December	33.6585	32.5938	33.1690