2023 GYD to MKD Historical Review

YEARLY HIGH

0.2805 MKD

YEARLY LOW

0.2607 MKD

YEARLY AVERAGE

0.2710 MKD

2023 GYD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GYD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.2805. Conversely, the yearly low was recorded on July 18, dropping to 0.2607.

This high-to-low spread represents a total annual volatility of 0.0198 MKD. From a start-to-finish perspective, comparing the January average rate of 0.2727 to the December average rate of 0.2692, the exchange rate registered a net change of -1.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2805 was down 8.22% compared to the 2022 peak of 0.3056, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,402 MKD

2022 Average 1,400 MKD

Yearly Trough Low 1,303 MKD

Transaction Impact: A difference of 99.02 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2797

0.2641

JanuMarcMayJulySeptNove

GYD 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 0.2702, compared to 0.2718 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.2702

H2 Avg (Jul–Dec) 0.2718

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0133 MKD (High: 0.2805 / Low: 0.2671). On the other end, October was the most stable month, with a tight range of 0.0045 MKD (High: 0.2804 / Low: 0.2759).

January Spread (Volatile) ±0.0133

October Spread (Stable) ±0.0045

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 0.0076 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0076

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2727) against the same month in 2022 (average: 0.2603), the exchange rate shifted by +0.0124 (+4.78%).

2023 Avg (January) 0.2727

2022 Avg (January) 0.2603

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2805	0.2671	0.2727
February	0.2761	0.2672	0.2726
March	0.2770	0.2679	0.2731
April	0.2685	0.2617	0.2656
May	0.2727	0.2634	0.2681
June	0.2727	0.2653	0.2689
July	0.2681	0.2607	0.2654
August	0.2726	0.2670	0.2697
September	0.2796	0.2721	0.2755
October	0.2804	0.2759	0.2784
November	0.2801	0.2680	0.2724
December	0.2734	0.2635	0.2692