2023 DZD to MKD Historical Review

YEARLY HIGH

0.4310 MKD

YEARLY LOW

0.4077 MKD

YEARLY AVERAGE

0.4189 MKD

2023 DZD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DZD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 2, valuing the pair at 0.4310. Conversely, the yearly low was recorded on July 17, dropping to 0.4077.

This high-to-low spread represents a total annual volatility of 0.0233 MKD. From a start-to-finish perspective, comparing the January average rate of 0.4192 to the December average rate of 0.4192, the exchange rate registered a net change of -0.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4310 was down 5.26% compared to the 2022 peak of 0.4549, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,155 MKD

2022 Average 2,062 MKD

Yearly Trough Low 2,039 MKD

Transaction Impact: A difference of 116.34 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4254

0.4109

JanuMarcMayJulySeptNove

DZD 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 0.4188, compared to 0.4189 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.4188

H2 Avg (Jul–Dec) 0.4189

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0134 MKD (High: 0.4310 / Low: 0.4176). On the other end, August was the most stable month, with a tight range of 0.0053 MKD (High: 0.4172 / Low: 0.4119).

November Spread (Volatile) ±0.0134

August 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 0.0083 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0083

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.4232) against the same month in 2022 (average: 0.4336), the exchange rate shifted by -0.0103 (-2.38%).

2023 Avg (November) 0.4232

2022 Avg (November) 0.4336

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4284	0.4156	0.4192
February	0.4269	0.4171	0.4216
March	0.4269	0.4165	0.4228
April	0.4181	0.4114	0.4144
May	0.4212	0.4114	0.4166
June	0.4228	0.4143	0.4184
July	0.4174	0.4077	0.4121
August	0.4172	0.4119	0.4147
September	0.4258	0.4166	0.4202
October	0.4279	0.4207	0.4242
November	0.4310	0.4176	0.4232
December	0.4256	0.4130	0.4192