2023 HUF to MKD Historical Review

YEARLY HIGH

0.1678 MKD

YEARLY LOW

0.1533 MKD

YEARLY AVERAGE

0.1614 MKD

2023 HUF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HUF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 21, valuing the pair at 0.1678. Conversely, the yearly low was recorded on March 18, dropping to 0.1533.

This high-to-low spread represents a total annual volatility of 0.0145 MKD. From a start-to-finish perspective, comparing the January average rate of 0.1562 to the December average rate of 0.1613, the exchange rate registered a net change of 3.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1678 was down 4.78% compared to the 2022 peak of 0.1762, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 HUF based on timing:

Yearly Peak High 167,779 MKD

2022 Average 157,896 MKD

Yearly Trough Low 153,251 MKD

Transaction Impact: A difference of 14,527.65 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1674

0.1552

JanuMarcMayJulySeptNove

HUF 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 0.1620, compared to 0.1608 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.1620

H2 Avg (Jul–Dec) 0.1608

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0118 MKD (High: 0.1651 / Low: 0.1533). On the other end, November was the most stable month, with a tight range of 0.0030 MKD (High: 0.1638 / Low: 0.1608).

March Spread (Volatile) ±0.0118

November Spread (Stable) ±0.0030

Growth Streaks & Declines

Trends

Between March and June, 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 June and July, when the average rate fell by 0.0040 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0040

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.1664) against the same month in 2022 (average: 0.1551), the exchange rate shifted by +0.0113 (+7.27%).

2023 Avg (June) 0.1664

2022 Avg (June) 0.1551

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1590	0.1536	0.1562
February	0.1631	0.1562	0.1601
March	0.1651	0.1533	0.1600
April	0.1660	0.1605	0.1639
May	0.1672	0.1638	0.1654
June	0.1678	0.1647	0.1664
July	0.1677	0.1587	0.1624
August	0.1628	0.1567	0.1599
September	0.1609	0.1567	0.1592
October	0.1614	0.1576	0.1596
November	0.1638	0.1608	0.1625
December	0.1638	0.1600	0.1613