2023 HTG to MKD Historical Review

YEARLY HIGH

0.4410 MKD

YEARLY LOW

0.3575 MKD

YEARLY AVERAGE

0.4033 MKD

2023 HTG to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HTG to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 2, valuing the pair at 0.4410. Conversely, the yearly low was recorded on April 26, dropping to 0.3575.

This high-to-low spread represents a total annual volatility of 0.0834 MKD. From a start-to-finish perspective, comparing the January average rate of 0.3852 to the December average rate of 0.4264, the exchange rate registered a net change of 10.69% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4410 was down 20.23% compared to the 2022 peak of 0.5528, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,205 MKD

2022 Average 2,514 MKD

Yearly Trough Low 1,788 MKD

Transaction Impact: A difference of 417.15 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4420

0.3548

JanuMarcMayJulySeptNove

HTG 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 0.3839, compared to 0.4227 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0388 points.

H1 Avg (Jan–Jun) 0.3839

H2 Avg (Jul–Dec) 0.4227

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0501 MKD (High: 0.4119 / Low: 0.3619). On the other end, April was the most stable month, with a tight range of 0.0089 MKD (High: 0.3664 / Low: 0.3575).

May Spread (Volatile) ±0.0501

April Spread (Stable) ±0.0089

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 0.0127 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0127

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.4299) against the same month in 2022 (average: 0.4469), the exchange rate shifted by -0.0171 (-3.82%).

2023 Avg (November) 0.4299

2022 Avg (November) 0.4469

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3967	0.3787	0.3852
February	0.3896	0.3759	0.3831
March	0.3849	0.3645	0.3748
April	0.3664	0.3575	0.3620
May	0.4119	0.3619	0.3902
June	0.4142	0.4034	0.4083
July	0.4100	0.3945	0.4045
August	0.4212	0.4093	0.4147
September	0.4326	0.4201	0.4261
October	0.4383	0.4273	0.4348
November	0.4410	0.4236	0.4299
December	0.4322	0.4180	0.4264