2023 COP to MKD Historical Review

YEARLY HIGH

0.0148 MKD

YEARLY LOW

0.0116 MKD

YEARLY AVERAGE

0.0132 MKD

2023 COP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the COP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 19, valuing the pair at 0.0148. Conversely, the yearly low was recorded on February 22, dropping to 0.0116.

This high-to-low spread represents a total annual volatility of 0.0031 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0121 to the December average rate of 0.0143, the exchange rate registered a net change of 17.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0148 was down 3.72% compared to the 2022 peak of 0.0153, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 73,802 MKD

2022 Average 69,159 MKD

Yearly Trough Low 58,192 MKD

Transaction Impact: A difference of 15,610.08 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0146

0.0118

JanuMarcMayJulySeptNove

COP 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 0.0124, compared to 0.0140 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.0124

H2 Avg (Jul–Dec) 0.0140

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0012 MKD (High: 0.0131 / Low: 0.0119). On the other end, December was the most stable month, with a tight range of 0.0004 MKD (High: 0.0145 / Low: 0.0141).

May Spread (Volatile) ±0.0012

December Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between February and September, 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 September and October, when the average rate fell by 0.0006 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 0.0144) against the same month in 2022 (average: 0.0140), the exchange rate shifted by +0.0004 (+2.82%).

2023 Avg (September) 0.0144

2022 Avg (September) 0.0140

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0126	0.0117	0.0121
February	0.0123	0.0116	0.0120
March	0.0123	0.0118	0.0121
April	0.0127	0.0119	0.0124
May	0.0131	0.0119	0.0125
June	0.0139	0.0130	0.0135
July	0.0142	0.0134	0.0137
August	0.0143	0.0135	0.0139
September	0.0148	0.0139	0.0144
October	0.0143	0.0134	0.0138
November	0.0145	0.0138	0.0141
December	0.0145	0.0141	0.0143