2023 BAM to MKD Historical Review

YEARLY HIGH

31.8931 MKD

YEARLY LOW

31.0327 MKD

YEARLY AVERAGE

31.4922 MKD

2023 BAM to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BAM to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 31.8931. Conversely, the yearly low was recorded on November 14, dropping to 31.0327.

This high-to-low spread represents a total annual volatility of 0.8604 MKD. From a start-to-finish perspective, comparing the January average rate of 31.4603 to the December average rate of 31.4681, the exchange rate registered a net change of 0.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 31.8931 was down 0.21% compared to the 2022 peak of 31.9592, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 159,466 MKD

2022 Average 157,502 MKD

Yearly Trough Low 155,164 MKD

Transaction Impact: A difference of 4,302.07 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

31.5239

31.4545

JanuMarcMayJulySeptNove

BAM 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 31.4981, compared to 31.4864 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0117 points.

H1 Avg (Jan–Jun) 31.4981

H2 Avg (Jul–Dec) 31.4864

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.8244 MKD (High: 31.8571 / Low: 31.0327). On the other end, May was the most stable month, with a tight range of 0.2452 MKD (High: 31.6486 / Low: 31.4034).

November Spread (Volatile) ±0.8244

May Spread (Stable) ±0.2452

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0452 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0452

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 31.4903) against the same month in 2022 (average: 31.5159), the exchange rate shifted by -0.0256 (-0.08%).

2023 Avg (July) 31.4903

2022 Avg (July) 31.5159

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.6432	31.2055	31.4603
February	31.7826	31.3597	31.5100
March	31.5815	31.2910	31.4957
April	31.7125	31.2854	31.4973
May	31.6486	31.4034	31.5181
June	31.7322	31.1508	31.5072
July	31.8931	31.3001	31.4903
August	31.6338	31.3764	31.4964
September	31.7389	31.3768	31.5176
October	31.6986	31.3258	31.4724
November	31.8571	31.0327	31.4733
December	31.6259	31.2265	31.4681