2023 BND to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BND to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BND to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 43.5540. Conversely, the yearly low was recorded on July 21, dropping to 41.3523.
This high-to-low spread represents a total annual volatility of 2.2016 MKD. From a start-to-finish perspective, comparing the January average rate of 43.0938 to the December average rate of 42.3220, the exchange rate registered a net change of -1.79% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 43.5540 was down 2.21% compared to the 2022 peak of 44.5379, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BND based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BND to MKD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 42.6719, compared to 42.1593 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5126 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 1.3591 MKD (High: 42.9554 / Low: 41.5963). On the other end, February was the most stable month, with a tight range of 0.5405 MKD (High: 43.4078 / Low: 42.8673).
Growth Streaks & Declines
TrendsBetween 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 0.7509 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 43.0938) against the same month in 2022 (average: 40.3100), the exchange rate shifted by +2.7838 (+6.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 43.5540 | 42.6568 | 43.0938 |
| February | 43.4078 | 42.8673 | 43.1934 |
| March | 43.1616 | 42.5156 | 42.9521 |
| April | 42.7097 | 41.6344 | 42.2012 |
| May | 42.5853 | 41.8254 | 42.3330 |
| June | 42.7350 | 41.5957 | 42.2580 |
| July | 42.1179 | 41.3523 | 41.7370 |
| August | 42.1140 | 41.5344 | 41.7951 |
| September | 42.6785 | 42.0447 | 42.3090 |
| October | 42.8512 | 42.0906 | 42.5531 |
| November | 42.9554 | 41.5963 | 42.2398 |
| December | 42.6754 | 41.8756 | 42.3220 |