2023 BIF to MKD Historical Review

YEARLY HIGH

0.0284 MKD

YEARLY LOW

0.0193 MKD

YEARLY AVERAGE

0.0229 MKD

2023 BIF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BIF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.0284. Conversely, the yearly low was recorded on July 14, dropping to 0.0193.

This high-to-low spread represents a total annual volatility of 0.0091 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0276 to the December average rate of 0.0198, the exchange rate registered a net change of -28.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0284 was down 8.60% compared to the 2022 peak of 0.0311, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 142 MKD

2022 Average 143 MKD

Yearly Trough Low 97 MKD

Transaction Impact: A difference of 45.28 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0286

0.0189

JanuMarcMayJulySeptNove

BIF 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 0.0257, compared to 0.0200 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0057 points.

H1 Avg (Jan–Jun) 0.0257

H2 Avg (Jul–Dec) 0.0200

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0072 MKD (High: 0.0275 / Low: 0.0202). On the other end, October was the most stable month, with a tight range of 0.0004 MKD (High: 0.0207 / Low: 0.0203).

May Spread (Volatile) ±0.0072

October Spread (Stable) ±0.0004

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 May and June, when the average rate fell by 0.0041 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0041

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0276) against the same month in 2022 (average: 0.0272), the exchange rate shifted by +0.0005 (+1.66%).

2023 Avg (January) 0.0276

2022 Avg (January) 0.0272

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0284	0.0272	0.0276
February	0.0282	0.0272	0.0277
March	0.0281	0.0271	0.0277
April	0.0273	0.0267	0.0270
May	0.0275	0.0202	0.0242
June	0.0204	0.0198	0.0201
July	0.0201	0.0193	0.0197
August	0.0202	0.0197	0.0199
September	0.0206	0.0201	0.0203
October	0.0207	0.0203	0.0205
November	0.0206	0.0197	0.0201
December	0.0201	0.0194	0.0198