2023 BGN to MKD Historical Review

YEARLY HIGH

32.0400 MKD

YEARLY LOW

31.1885 MKD

YEARLY AVERAGE

31.4914 MKD

2023 BGN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 32.0400. Conversely, the yearly low was recorded on March 7, dropping to 31.1885.

This high-to-low spread represents a total annual volatility of 0.8515 MKD. From a start-to-finish perspective, comparing the January average rate of 31.5268 to the December average rate of 31.4799, the exchange rate registered a net change of -0.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 32.0400 was down 0.78% compared to the 2022 peak of 32.2932, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 160,200 MKD

2022 Average 157,464 MKD

Yearly Trough Low 155,943 MKD

Transaction Impact: A difference of 4,257.69 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

31.5333

31.4552

JanuMarcMayJulySeptNove

BGN 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 31.5035, compared to 31.4794 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0240 points.

H1 Avg (Jan–Jun) 31.5035

H2 Avg (Jul–Dec) 31.4794

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.8322 MKD (High: 32.0400 / Low: 31.2079). On the other end, October was the most stable month, with a tight range of 0.0983 MKD (High: 31.5127 / Low: 31.4143).

July Spread (Volatile) ±0.8322

October Spread (Stable) ±0.0983

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 January and February, when the average rate fell by 0.0603 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0603

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 31.4891) against the same month in 2022 (average: 31.4857), the exchange rate shifted by +0.0034 (+0.01%).

2023 Avg (July) 31.4891

2022 Avg (July) 31.4857

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	32.0000	31.2568	31.5268
February	31.6015	31.2004	31.4664
March	31.7639	31.1885	31.5142
April	31.7482	31.2873	31.4967
May	31.5993	31.2932	31.4905
June	31.8211	31.4392	31.5261
July	32.0400	31.2079	31.4891
August	31.7628	31.3892	31.4816
September	31.6265	31.3834	31.4635
October	31.5127	31.4143	31.4617
November	31.7895	31.3334	31.5007
December	31.6735	31.3429	31.4799