2023 IQD to MKD Historical Review

YEARLY HIGH

0.0449 MKD

YEARLY LOW

0.0379 MKD

YEARLY AVERAGE

0.0420 MKD

2023 IQD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IQD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.0449. Conversely, the yearly low was recorded on April 30, dropping to 0.0379.

This high-to-low spread represents a total annual volatility of 0.0070 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0392 to the December average rate of 0.0430, the exchange rate registered a net change of 9.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0449 was up 2.42% compared to the 2022 peak of 0.0438, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 224 MKD

2022 Average 201 MKD

Yearly Trough Low 189 MKD

Transaction Impact: A difference of 34.83 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0451

0.0381

JanuMarcMayJulySeptNove

IQD 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 0.0405, compared to 0.0435 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0029 points.

H1 Avg (Jan–Jun) 0.0405

H2 Avg (Jul–Dec) 0.0435

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0057 MKD (High: 0.0440 / Low: 0.0383). On the other end, October was the most stable month, with a tight range of 0.0008 MKD (High: 0.0449 / Low: 0.0441).

May Spread (Volatile) ±0.0057

October Spread (Stable) ±0.0008

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 0.0009 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0445) against the same month in 2022 (average: 0.0430), the exchange rate shifted by +0.0015 (+3.58%).

2023 Avg (October) 0.0445

2022 Avg (October) 0.0430

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0402	0.0386	0.0392
February	0.0399	0.0386	0.0394
March	0.0400	0.0387	0.0395
April	0.0426	0.0379	0.0387
May	0.0440	0.0383	0.0430
June	0.0440	0.0428	0.0434
July	0.0434	0.0418	0.0426
August	0.0436	0.0425	0.0431
September	0.0447	0.0435	0.0440
October	0.0449	0.0441	0.0445
November	0.0448	0.0428	0.0436
December	0.0437	0.0423	0.0430