2023 DJF to MKD Historical Review

YEARLY HIGH

0.3306 MKD

YEARLY LOW

0.3081 MKD

YEARLY AVERAGE

0.3202 MKD

2023 DJF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DJF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.3306. Conversely, the yearly low was recorded on July 18, dropping to 0.3081.

This high-to-low spread represents a total annual volatility of 0.0225 MKD. From a start-to-finish perspective, comparing the January average rate of 0.3217 to the December average rate of 0.3166, the exchange rate registered a net change of -1.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3306 was down 7.96% compared to the 2022 peak of 0.3591, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,653 MKD

2022 Average 1,646 MKD

Yearly Trough Low 1,540 MKD

Transaction Impact: A difference of 112.37 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3289

0.3121

JanuMarcMayJulySeptNove

DJF 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 0.3205, compared to 0.3199 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.3205

H2 Avg (Jul–Dec) 0.3199

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0143 MKD (High: 0.3289 / Low: 0.3146). On the other end, October was the most stable month, with a tight range of 0.0053 MKD (High: 0.3302 / Low: 0.3249).

November Spread (Volatile) ±0.0143

October Spread (Stable) ±0.0053

Growth Streaks & Declines

Trends

Between July and October, 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 March and April, when the average rate fell by 0.0079 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0079

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3217) against the same month in 2022 (average: 0.3061), the exchange rate shifted by +0.0156 (+5.11%).

2023 Avg (January) 0.3217

2022 Avg (January) 0.3061

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3306	0.3171	0.3217
February	0.3275	0.3167	0.3232
March	0.3280	0.3178	0.3239
April	0.3200	0.3127	0.3160
May	0.3241	0.3133	0.3187
June	0.3242	0.3150	0.3195
July	0.3194	0.3081	0.3135
August	0.3209	0.3142	0.3173
September	0.3287	0.3204	0.3238
October	0.3302	0.3249	0.3275
November	0.3289	0.3146	0.3206
December	0.3210	0.3101	0.3166