2023 GMD to MKD Historical Review

YEARLY HIGH

0.9685 MKD

YEARLY LOW

0.8230 MKD

YEARLY AVERAGE

0.9157 MKD

2023 GMD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 6, valuing the pair at 0.9685. Conversely, the yearly low was recorded on December 28, dropping to 0.8230.

This high-to-low spread represents a total annual volatility of 0.1454 MKD. From a start-to-finish perspective, comparing the January average rate of 0.9220 to the December average rate of 0.8372, the exchange rate registered a net change of -9.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9685 was down 16.94% compared to the 2022 peak of 1.1660, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,842 MKD

2022 Average 5,298 MKD

Yearly Trough Low 4,115 MKD

Transaction Impact: A difference of 727.21 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9680

0.8253

JanuMarcMayJulySeptNove

GMD 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 0.9355, compared to 0.8959 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0397 points.

H1 Avg (Jan–Jun) 0.9355

H2 Avg (Jul–Dec) 0.8959

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0665 MKD (High: 0.8992 / Low: 0.8327). On the other end, August was the most stable month, with a tight range of 0.0132 MKD (High: 0.9384 / Low: 0.9251).

November Spread (Volatile) ±0.0665

August Spread (Stable) ±0.0132

Growth Streaks & Declines

Trends

Between April and June, 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 September and October, when the average rate fell by 0.0454 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0454

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.9561) against the same month in 2022 (average: 1.0768), the exchange rate shifted by -0.1208 (-11.21%).

2023 Avg (June) 0.9561

2022 Avg (June) 1.0768

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9459	0.9073	0.9220
February	0.9532	0.9182	0.9416
March	0.9546	0.9089	0.9375
April	0.9322	0.8921	0.9077
May	0.9677	0.9275	0.9483
June	0.9685	0.9411	0.9561
July	0.9519	0.9183	0.9339
August	0.9384	0.9251	0.9317
September	0.9552	0.8931	0.9331
October	0.9027	0.8798	0.8877
November	0.8992	0.8327	0.8516
December	0.8496	0.8230	0.8372