2023 CAD to MKD Historical Review

YEARLY HIGH

43.7340 MKD

YEARLY LOW

40.8122 MKD

YEARLY AVERAGE

42.1794 MKD

2023 CAD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CAD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 43.7340. Conversely, the yearly low was recorded on April 26, dropping to 40.8122.

This high-to-low spread represents a total annual volatility of 2.9218 MKD. From a start-to-finish perspective, comparing the January average rate of 42.6104 to the December average rate of 42.0460, the exchange rate registered a net change of -1.32% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 43.7340 was down 8.38% compared to the 2022 peak of 47.7319, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 218,670 MKD

2022 Average 224,971 MKD

Yearly Trough Low 204,061 MKD

Transaction Impact: A difference of 14,609.11 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

42.9217

41.4047

JanuMarcMayJulySeptNove

CAD 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 42.2642, compared to 42.0946 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1696 points.

H1 Avg (Jan–Jun) 42.2642

H2 Avg (Jul–Dec) 42.0946

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 1.6312 MKD (High: 42.4910 / Low: 40.8598). On the other end, June was the most stable month, with a tight range of 0.4737 MKD (High: 43.0022 / Low: 42.5286).

May Spread (Volatile) ±1.6312

June Spread (Stable) ±0.4737

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.9220 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.9220

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 42.6104) against the same month in 2022 (average: 43.1066), the exchange rate shifted by -0.4962 (-1.15%).

2023 Avg (January) 42.6104

2022 Avg (January) 43.1066

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	43.7340	42.1260	42.6104
February	43.0981	42.0464	42.7473
March	42.7554	41.3489	42.0041
April	42.1974	40.8122	41.5311
May	42.4910	40.8598	41.8968
June	43.0022	42.5286	42.7953
July	42.7880	41.3921	42.1002
August	42.1567	41.6624	41.8587
September	43.3785	41.9130	42.5387
October	42.9511	41.8913	42.4730
November	42.5465	40.9480	41.5510
December	42.3727	41.8129	42.0460