2023 ILS to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 ILS to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the ILS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 18, valuing the pair at 16.8568. Conversely, the yearly low was recorded on October 23, dropping to 14.2113.
This high-to-low spread represents a total annual volatility of 2.6455 MKD. From a start-to-finish perspective, comparing the January average rate of 16.6051 to the December average rate of 15.3896, the exchange rate registered a net change of -7.32% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 16.8568 was down 11.33% compared to the 2022 peak of 19.0116, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ILS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
ILS to MKD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 15.8781, compared to 15.0644 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8136 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was October, with a trading range of 1.0671 MKD (High: 15.2784 / Low: 14.2113). On the other end, December was the most stable month, with a tight range of 0.3057 MKD (High: 15.5211 / Low: 15.2154).
Growth Streaks & Declines
TrendsBetween October and December, 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 March and April, when the average rate fell by 0.4734 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 16.6051) against the same month in 2022 (average: 17.3583), the exchange rate shifted by -0.7532 (-4.34%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16.8568 | 16.3568 | 16.6051 |
| February | 16.6596 | 15.8468 | 16.2372 |
| March | 16.3099 | 15.6371 | 15.9179 |
| April | 15.7757 | 15.1108 | 15.4445 |
| May | 15.6989 | 15.3089 | 15.4427 |
| June | 16.0189 | 15.2821 | 15.6210 |
| July | 15.4442 | 14.9671 | 15.1937 |
| August | 15.3969 | 14.8643 | 15.0750 |
| September | 15.2811 | 14.9452 | 15.1028 |
| October | 15.2784 | 14.2113 | 14.6450 |
| November | 15.2452 | 14.5713 | 14.9806 |
| December | 15.5211 | 15.2154 | 15.3896 |