2023 DOP to MKD Historical Review

YEARLY HIGH

1.0610 MKD

YEARLY LOW

0.9561 MKD

YEARLY AVERAGE

1.0173 MKD

2023 DOP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DOP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 15, valuing the pair at 1.0610. Conversely, the yearly low was recorded on December 28, dropping to 0.9561.

This high-to-low spread represents a total annual volatility of 0.1049 MKD. From a start-to-finish perspective, comparing the January average rate of 1.0106 to the December average rate of 0.9836, the exchange rate registered a net change of -2.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0610 was down 11.51% compared to the 2022 peak of 1.1989, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,305 MKD

2022 Average 5,337 MKD

Yearly Trough Low 4,781 MKD

Transaction Impact: A difference of 524.34 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0537

0.9773

JanuMarcMayJulySeptNove

DOP 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 1.0307, compared to 1.0039 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0268 points.

H1 Avg (Jan–Jun) 1.0307

H2 Avg (Jul–Dec) 1.0039

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0522 MKD (High: 1.0477 / Low: 0.9955). On the other end, August was the most stable month, with a tight range of 0.0181 MKD (High: 1.0057 / Low: 0.9876).

February Spread (Volatile) ±0.0522

August Spread (Stable) ±0.0181

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 June and July, when the average rate fell by 0.0381 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0381

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 1.0473) against the same month in 2022 (average: 1.0194), the exchange rate shifted by +0.0279 (+2.73%).

2023 Avg (March) 1.0473

2022 Avg (March) 1.0194

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0408	0.9951	1.0106
February	1.0477	0.9955	1.0241
March	1.0610	1.0301	1.0473
April	1.0353	1.0154	1.0262
May	1.0565	1.0222	1.0394
June	1.0582	1.0174	1.0364
July	1.0245	0.9781	0.9982
August	1.0057	0.9876	0.9968
September	1.0314	1.0002	1.0156
October	1.0351	1.0141	1.0254
November	1.0311	0.9874	1.0036
December	1.0056	0.9561	0.9836