2023 CZK to MKD Historical Review

YEARLY HIGH

2.6594 MKD

YEARLY LOW

2.4823 MKD

YEARLY AVERAGE

2.5664 MKD

2023 CZK to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CZK to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 13, valuing the pair at 2.6594. Conversely, the yearly low was recorded on December 28, dropping to 2.4823.

This high-to-low spread represents a total annual volatility of 0.1771 MKD. From a start-to-finish perspective, comparing the January average rate of 2.5750 to the December average rate of 2.5145, the exchange rate registered a net change of -2.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.6594 was up 2.43% compared to the 2022 peak of 2.5963, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,297 MKD

2022 Average 12,539 MKD

Yearly Trough Low 12,411 MKD

Transaction Impact: A difference of 885.37 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.6378

2.4911

JanuMarcMayJulySeptNove

CZK 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 2.6010, compared to 2.5318 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0692 points.

H1 Avg (Jan–Jun) 2.6010

H2 Avg (Jul–Dec) 2.5318

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0979 MKD (High: 2.6354 / Low: 2.5374). On the other end, October was the most stable month, with a tight range of 0.0333 MKD (High: 2.5215 / Low: 2.4882).

July Spread (Volatile) ±0.0979

October Spread (Stable) ±0.0333

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0292 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0292

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 2.6256) against the same month in 2022 (average: 2.5194), the exchange rate shifted by +0.1062 (+4.21%).

2023 Avg (April) 2.6256

2022 Avg (April) 2.5194

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6084	2.5409	2.5750
February	2.6204	2.5600	2.5950
March	2.6380	2.5405	2.6014
April	2.6594	2.5926	2.6256
May	2.6353	2.5880	2.6076
June	2.6204	2.5803	2.6016
July	2.6354	2.5374	2.5778
August	2.5743	2.5353	2.5529
September	2.5488	2.5051	2.5237
October	2.5215	2.4882	2.5033
November	2.5430	2.4944	2.5186
December	2.5417	2.4823	2.5145