2023 CVE to MKD Historical Review

YEARLY HIGH

0.5665 MKD

YEARLY LOW

0.5422 MKD

YEARLY AVERAGE

0.5578 MKD

2023 CVE to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.5665. Conversely, the yearly low was recorded on December 14, dropping to 0.5422.

This high-to-low spread represents a total annual volatility of 0.0243 MKD. From a start-to-finish perspective, comparing the January average rate of 0.5580 to the December average rate of 0.5574, the exchange rate registered a net change of -0.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5665 was down 2.62% compared to the 2022 peak of 0.5818, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,833 MKD

2022 Average 2,787 MKD

Yearly Trough Low 2,711 MKD

Transaction Impact: A difference of 121.73 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5585

0.5569

JanuMarcMayJulySeptNove

CVE 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 0.5578, compared to 0.5577 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.5578

H2 Avg (Jul–Dec) 0.5577

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0182 MKD (High: 0.5651 / Low: 0.5469). On the other end, May was the most stable month, with a tight range of 0.0059 MKD (High: 0.5610 / Low: 0.5550).

November Spread (Volatile) ±0.0182

May Spread (Stable) ±0.0059

Growth Streaks & Declines

Trends

Between January and March, 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 March and April, when the average rate fell by 0.0009 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.5580) against the same month in 2022 (average: 0.5572), the exchange rate shifted by +0.0008 (+0.14%).

2023 Avg (January) 0.5580

2022 Avg (January) 0.5572

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5665	0.5531	0.5580
February	0.5610	0.5546	0.5582
March	0.5642	0.5552	0.5583
April	0.5617	0.5512	0.5575
May	0.5610	0.5550	0.5575
June	0.5609	0.5441	0.5573
July	0.5657	0.5546	0.5579
August	0.5611	0.5551	0.5583
September	0.5627	0.5556	0.5581
October	0.5622	0.5530	0.5575
November	0.5651	0.5469	0.5571
December	0.5599	0.5422	0.5574