2023 GNF to MKD Historical Review

YEARLY HIGH

0.0068 MKD

YEARLY LOW

0.0064 MKD

YEARLY AVERAGE

0.0066 MKD

2023 GNF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GNF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 14, valuing the pair at 0.0068. Conversely, the yearly low was recorded on July 18, dropping to 0.0064.

This high-to-low spread represents a total annual volatility of 0.0005 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0066 to the December average rate of 0.0066, the exchange rate registered a net change of -0.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0068 was down 7.33% compared to the 2022 peak of 0.0074, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 34 MKD

2022 Average 33 MKD

Yearly Trough Low 32 MKD

Transaction Impact: A difference of 2.35 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0068

0.0064

JanuMarcMayJulySeptNove

GNF 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 0.0066, compared to 0.0066 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0066

H2 Avg (Jul–Dec) 0.0066

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0003 MKD (High: 0.0068 / Low: 0.0064). On the other end, October was the most stable month, with a tight range of 0.0001 MKD (High: 0.0068 / Low: 0.0067).

January Spread (Volatile) ±0.0003

October Spread (Stable) ±0.0001

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 October and November, when the average rate fell by 0.0001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0068) against the same month in 2022 (average: 0.0072), the exchange rate shifted by -0.0004 (-6.20%).

2023 Avg (October) 0.0068

2022 Avg (October) 0.0072

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0068	0.0064	0.0066
February	0.0068	0.0065	0.0067
March	0.0068	0.0065	0.0067
April	0.0066	0.0065	0.0065
May	0.0067	0.0065	0.0066
June	0.0067	0.0065	0.0066
July	0.0066	0.0064	0.0065
August	0.0066	0.0065	0.0066
September	0.0068	0.0066	0.0067
October	0.0068	0.0067	0.0068
November	0.0068	0.0065	0.0066
December	0.0066	0.0064	0.0066