2023 CLP to MKD Historical Review

YEARLY HIGH

0.0732 MKD

YEARLY LOW

0.0615 MKD

YEARLY AVERAGE

0.0679 MKD

2023 CLP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CLP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 17, valuing the pair at 0.0732. Conversely, the yearly low was recorded on October 22, dropping to 0.0615.

This high-to-low spread represents a total annual volatility of 0.0117 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0695 to the December average rate of 0.0644, the exchange rate registered a net change of -7.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0732 was up 1.53% compared to the 2022 peak of 0.0721, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 CLP based on timing:

Yearly Peak High 73,207 MKD

2022 Average 67,112 MKD

Yearly Trough Low 61,508 MKD

Transaction Impact: A difference of 11,698.88 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0727

0.0619

JanuMarcMayJulySeptNove

CLP 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 0.0708, compared to 0.0651 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0056 points.

H1 Avg (Jan–Jun) 0.0708

H2 Avg (Jul–Dec) 0.0651

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0042 MKD (High: 0.0707 / Low: 0.0665). On the other end, August was the most stable month, with a tight range of 0.0026 MKD (High: 0.0674 / Low: 0.0648).

July Spread (Volatile) ±0.0042

August Spread (Stable) ±0.0026

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 June and July, when the average rate fell by 0.0029 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0718) against the same month in 2022 (average: 0.0672), the exchange rate shifted by +0.0046 (+6.84%).

2023 Avg (February) 0.0718

2022 Avg (February) 0.0672

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0715	0.0679	0.0695
February	0.0732	0.0697	0.0718
March	0.0731	0.0693	0.0713
April	0.0715	0.0684	0.0697
May	0.0720	0.0692	0.0710
June	0.0729	0.0696	0.0713
July	0.0707	0.0665	0.0683
August	0.0674	0.0648	0.0659
September	0.0668	0.0642	0.0651
October	0.0652	0.0615	0.0628
November	0.0658	0.0622	0.0643
December	0.0657	0.0626	0.0644