2023 BRL to MKD Historical Review

YEARLY HIGH

11.8811 MKD

YEARLY LOW

10.6803 MKD

YEARLY AVERAGE

11.4073 MKD

2023 BRL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BRL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 15, valuing the pair at 11.8811. Conversely, the yearly low was recorded on January 3, dropping to 10.6803.

This high-to-low spread represents a total annual volatility of 1.2008 MKD. From a start-to-finish perspective, comparing the January average rate of 11.0247 to the December average rate of 11.5146, the exchange rate registered a net change of 4.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 11.8811 was down 4.14% compared to the 2022 peak of 12.3937, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 BRL based on timing:

Yearly Peak High 297,026 MKD

2022 Average 284,123 MKD

Yearly Trough Low 267,007 MKD

Transaction Impact: A difference of 30,019.15 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11.7898

10.9551

JanuMarcMayJulySeptNove

BRL 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 11.2468, compared to 11.5678 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3211 points.

H1 Avg (Jan–Jun) 11.2468

H2 Avg (Jul–Dec) 11.5678

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.6520 MKD (High: 11.3576 / Low: 10.7057). On the other end, December was the most stable month, with a tight range of 0.2698 MKD (High: 11.6710 / Low: 11.4012).

March Spread (Volatile) ±0.6520

December Spread (Stable) ±0.2698

Growth Streaks & Declines

Trends

Between March and June, 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 September and October, when the average rate fell by 0.1494 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1494

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 11.6552) against the same month in 2022 (average: 11.8689), the exchange rate shifted by -0.2138 (-1.80%).

2023 Avg (September) 11.6552

2022 Avg (September) 11.8689

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.2472	10.6803	11.0247
February	11.2924	10.8416	11.1074
March	11.3576	10.7057	11.0440
April	11.4098	11.0281	11.1942
May	11.5871	11.1124	11.3902
June	11.8492	11.4980	11.7202
July	11.8349	11.3883	11.6080
August	11.7609	11.3323	11.5015
September	11.8811	11.5140	11.6552
October	11.6785	11.2725	11.5058
November	11.8060	11.4476	11.6220
December	11.6710	11.4012	11.5146