2023 IMP to MKD Historical Review

YEARLY HIGH

58.7618 MKD

YEARLY LOW

54.7717 MKD

YEARLY AVERAGE

56.9429 MKD

2023 IMP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IMP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 58.7618. Conversely, the yearly low was recorded on July 16, dropping to 54.7717.

This high-to-low spread represents a total annual volatility of 3.9901 MKD. From a start-to-finish perspective, comparing the January average rate of 57.1850 to the December average rate of 56.3873, the exchange rate registered a net change of -1.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 58.7618 was down 8.11% compared to the 2022 peak of 63.9452, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 293,809 MKD

2022 Average 292,922 MKD

Yearly Trough Low 273,859 MKD

Transaction Impact: A difference of 19,950.34 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

58.4969

55.4451

JanuMarcMayJulySeptNove

IMP 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 56.9906, compared to 56.8952 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0953 points.

H1 Avg (Jan–Jun) 56.9906

H2 Avg (Jul–Dec) 56.8952

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 2.4519 MKD (High: 58.4915 / Low: 56.0396). On the other end, October was the most stable month, with a tight range of 1.0084 MKD (High: 58.7609 / Low: 57.7525).

November Spread (Volatile) ±2.4519

October Spread (Stable) ±1.0084

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 1.4126 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.4126

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 57.1850) against the same month in 2022 (average: 54.4362), the exchange rate shifted by +2.7487 (+5.05%).

2023 Avg (January) 57.1850

2022 Avg (January) 54.4362

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	58.7618	56.3702	57.1850
February	58.2411	56.3737	57.5287
March	58.4442	56.5064	57.5470
April	56.8562	55.3524	56.1344
May	57.6469	55.6989	56.6808
June	57.6579	56.1263	56.8676
July	56.6869	54.7717	55.6994
August	57.0707	55.8790	56.4457
September	58.5646	56.9715	57.6397
October	58.7609	57.7525	58.2426
November	58.4915	56.0396	56.9567
December	57.2194	55.4094	56.3873