2023 BZD to MKD Historical Review

YEARLY HIGH

29.1415 MKD

YEARLY LOW

27.1714 MKD

YEARLY AVERAGE

28.2647 MKD

2023 BZD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BZD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 29.1415. Conversely, the yearly low was recorded on July 18, dropping to 27.1714.

This high-to-low spread represents a total annual volatility of 1.9702 MKD. From a start-to-finish perspective, comparing the January average rate of 28.3694 to the December average rate of 27.9452, the exchange rate registered a net change of -1.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 29.1415 was down 8.12% compared to the 2022 peak of 31.7185, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 145,708 MKD

2022 Average 145,333 MKD

Yearly Trough Low 135,857 MKD

Transaction Impact: A difference of 9,850.90 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

29.0402

27.5409

JanuMarcMayJulySeptNove

BZD 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 28.2924, compared to 28.2369 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0555 points.

H1 Avg (Jan–Jun) 28.2924

H2 Avg (Jul–Dec) 28.2369

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.2468 MKD (High: 29.0673 / Low: 27.8205). On the other end, October was the most stable month, with a tight range of 0.4799 MKD (High: 29.1415 / Low: 28.6616).

November Spread (Volatile) ±1.2468

October Spread (Stable) ±0.4799

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 0.7440 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.7440

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 28.9152) against the same month in 2022 (average: 31.1266), the exchange rate shifted by -2.2114 (-7.10%).

2023 Avg (October) 28.9152

2022 Avg (October) 31.1266

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	29.1269	27.9632	28.3694
February	28.8997	27.9687	28.5373
March	29.0211	28.0290	28.6208
April	28.1740	27.5826	27.8768
May	28.6116	27.6391	28.1334
June	28.6154	27.8366	28.2170
July	28.1209	27.1714	27.6658
August	28.3196	27.7136	28.0031
September	29.0238	28.2594	28.6018
October	29.1415	28.6616	28.9152
November	29.0673	27.8205	28.2902
December	28.3477	27.3485	27.9452