2023 INR to MKD Historical Review

YEARLY HIGH

0.7142 MKD

YEARLY LOW

0.6663 MKD

YEARLY AVERAGE

0.6896 MKD

2023 INR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the INR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.7142. Conversely, the yearly low was recorded on December 27, dropping to 0.6663.

This high-to-low spread represents a total annual volatility of 0.0479 MKD. From a start-to-finish perspective, comparing the January average rate of 0.6997 to the December average rate of 0.6774, the exchange rate registered a net change of -3.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7142 was down 8.74% compared to the 2022 peak of 0.7826, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 INR based on timing:

Yearly Peak High 178,556 MKD

2022 Average 186,305 MKD

Yearly Trough Low 166,582 MKD

Transaction Impact: A difference of 11,973.85 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7021

0.6751

JanuMarcMayJulySeptNove

INR 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 0.6935, compared to 0.6857 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0078 points.

H1 Avg (Jan–Jun) 0.6935

H2 Avg (Jul–Dec) 0.6857

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0306 MKD (High: 0.7027 / Low: 0.6721). On the other end, October was the most stable month, with a tight range of 0.0105 MKD (High: 0.7060 / Low: 0.6956).

November Spread (Volatile) ±0.0306

October Spread (Stable) ±0.0105

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 October and November, when the average rate fell by 0.0158 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0158

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.6997) against the same month in 2022 (average: 0.7311), the exchange rate shifted by -0.0314 (-4.30%).

2023 Avg (January) 0.6997

2022 Avg (January) 0.7311

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7142	0.6916	0.6997
February	0.7048	0.6834	0.6962
March	0.7130	0.6883	0.6998
April	0.6935	0.6771	0.6850
May	0.6973	0.6811	0.6885
June	0.7008	0.6845	0.6920
July	0.6905	0.6671	0.6777
August	0.6918	0.6751	0.6814
September	0.7036	0.6887	0.6941
October	0.7060	0.6956	0.6998
November	0.7027	0.6721	0.6840
December	0.6866	0.6663	0.6774