2023 CHF to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CHF to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CHF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 66.2775. Conversely, the yearly low was recorded on February 3, dropping to 60.8429.
This high-to-low spread represents a total annual volatility of 5.4346 MKD. From a start-to-finish perspective, comparing the January average rate of 61.8859 to the December average rate of 65.2792, the exchange rate registered a net change of 5.48% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 66.2775 was up 1.70% compared to the 2022 peak of 65.1723, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CHF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
CHF 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 62.4820, compared to 64.2862 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.8042 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 2.2720 MKD (High: 63.4254 / Low: 61.1534). On the other end, August was the most stable month, with a tight range of 0.9989 MKD (High: 64.9258 / Low: 63.9268).
Growth Streaks & Declines
TrendsBetween January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.5488 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 65.2792) against the same month in 2022 (average: 62.4237), the exchange rate shifted by +2.8555 (+4.57%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 63.4254 | 61.1534 | 61.8859 |
| February | 62.5368 | 60.8429 | 62.0814 |
| March | 62.9927 | 61.3462 | 62.1949 |
| April | 62.9474 | 61.6313 | 62.4511 |
| May | 63.6071 | 62.2716 | 63.1036 |
| June | 63.8566 | 62.7426 | 63.1752 |
| July | 64.9744 | 62.9086 | 63.7086 |
| August | 64.9258 | 63.9268 | 64.2410 |
| September | 64.5238 | 63.4666 | 64.1149 |
| October | 65.1844 | 63.4741 | 64.4613 |
| November | 64.5843 | 63.5447 | 63.9125 |
| December | 66.2775 | 64.6363 | 65.2792 |