2023 BBD to MKD Historical Review

YEARLY HIGH

29.3809 MKD

YEARLY LOW

27.3859 MKD

YEARLY AVERAGE

28.4714 MKD

2023 BBD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BBD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 29.3809. Conversely, the yearly low was recorded on July 16, dropping to 27.3859.

This high-to-low spread represents a total annual volatility of 1.9950 MKD. From a start-to-finish perspective, comparing the January average rate of 28.5925 to the December average rate of 28.1936, 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 29.3809 was down 8.11% compared to the 2022 peak of 31.9726, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 146,905 MKD

2022 Average 146,461 MKD

Yearly Trough Low 136,929 MKD

Transaction Impact: A difference of 9,975.17 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

29.2485

27.7225

JanuMarcMayJulySeptNove

BBD 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 28.4953, compared to 28.4476 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0477 points.

H1 Avg (Jan–Jun) 28.4953

H2 Avg (Jul–Dec) 28.4476

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.2260 MKD (High: 29.2458 / Low: 28.0198). On the other end, October was the most stable month, with a tight range of 0.5042 MKD (High: 29.3804 / Low: 28.8763).

November Spread (Volatile) ±1.2260

October Spread (Stable) ±0.5042

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 0.7063 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.7063

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 28.5925) against the same month in 2022 (average: 27.2181), the exchange rate shifted by +1.3744 (+5.05%).

2023 Avg (January) 28.5925

2022 Avg (January) 27.2181

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	29.3809	28.1851	28.5925
February	29.1205	28.1868	28.7643
March	29.2221	28.2532	28.7735
April	28.4281	27.6762	28.0672
May	28.8234	27.8495	28.3404
June	28.8290	28.0631	28.4338
July	28.3434	27.3859	27.8497
August	28.5354	27.9395	28.2228
September	29.2823	28.4858	28.8199
October	29.3804	28.8763	29.1213
November	29.2458	28.0198	28.4783
December	28.6097	27.7047	28.1936