2023 EUR to MKD Historical Review

YEARLY HIGH

62.6573 MKD

YEARLY LOW

60.9149 MKD

YEARLY AVERAGE

61.6155 MKD

2023 EUR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EUR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 62.6573. Conversely, the yearly low was recorded on February 3, dropping to 60.9149.

This high-to-low spread represents a total annual volatility of 1.7425 MKD. From a start-to-finish perspective, comparing the January average rate of 61.6842 to the December average rate of 61.5886, the exchange rate registered a net change of -0.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 62.6573 was down 0.67% compared to the 2022 peak of 63.0822, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 313,287 MKD

2022 Average 308,007 MKD

Yearly Trough Low 304,574 MKD

Transaction Impact: A difference of 8,712.42 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

61.6990

61.5221

JanuMarcMayJulySeptNove

EUR 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 61.6531, compared to 61.5780 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0751 points.

H1 Avg (Jan–Jun) 61.6531

H2 Avg (Jul–Dec) 61.5780

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 1.6277 MKD (High: 62.6543 / Low: 61.0266). On the other end, October was the most stable month, with a tight range of 0.3781 MKD (High: 61.6856 / Low: 61.3075).

July Spread (Volatile) ±1.6277

October Spread (Stable) ±0.3781

Growth Streaks & Declines

Trends

Between February and April, 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 January and February, when the average rate fell by 0.1189 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1189

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 61.6842) against the same month in 2022 (average: 61.6272), the exchange rate shifted by +0.0570 (+0.09%).

2023 Avg (January) 61.6842

2022 Avg (January) 61.6272

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	62.6573	61.1167	61.6842
February	62.2901	60.9149	61.5653
March	62.1809	60.9803	61.6580
April	62.3171	60.9470	61.6843
May	62.6479	61.1354	61.6627
June	62.2284	61.4327	61.6640
July	62.6543	61.0266	61.5888
August	62.0358	61.3836	61.5805
September	61.8373	61.4483	61.5485
October	61.6856	61.3075	61.5369
November	62.0929	61.2941	61.6249
December	62.1066	61.3271	61.5886