2023 EGP to MKD Historical Review

YEARLY HIGH

2.3619 MKD

YEARLY LOW

1.7722 MKD

YEARLY AVERAGE

1.8594 MKD

2023 EGP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 2.3619. Conversely, the yearly low was recorded on July 16, dropping to 1.7722.

This high-to-low spread represents a total annual volatility of 0.5896 MKD. From a start-to-finish perspective, comparing the January average rate of 2.0079 to the December average rate of 1.8248, the exchange rate registered a net change of -9.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.3619 was down 34.54% compared to the 2022 peak of 3.6079, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,809 MKD

2022 Average 15,486 MKD

Yearly Trough Low 8,861 MKD

Transaction Impact: A difference of 2,948.16 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.0283

1.7834

JanuMarcMayJulySeptNove

EGP 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 1.8770, compared to 1.8417 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0353 points.

H1 Avg (Jan–Jun) 1.8770

H2 Avg (Jul–Dec) 1.8417

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.4825 MKD (High: 2.3619 / Low: 1.8794). On the other end, October was the most stable month, with a tight range of 0.0317 MKD (High: 1.9010 / Low: 1.8693).

January Spread (Volatile) ±0.4825

October Spread (Stable) ±0.0317

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 January and February, when the average rate fell by 0.1201 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1201

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.0079) against the same month in 2022 (average: 3.4630), the exchange rate shifted by -1.4551 (-42.02%).

2023 Avg (January) 2.0079

2022 Avg (January) 3.4630

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3619	1.8794	2.0079
February	1.9041	1.8652	1.8878
March	1.8932	1.8289	1.8679
April	1.8413	1.7895	1.8200
May	1.8659	1.7993	1.8379
June	1.8681	1.8164	1.8406
July	1.8356	1.7722	1.8038
August	1.8440	1.8055	1.8265
September	1.8955	1.8443	1.8655
October	1.9010	1.8693	1.8856
November	1.8932	1.8129	1.8441
December	1.8502	1.7920	1.8248