2023 JMD to MKD Historical Review

YEARLY HIGH

0.3875 MKD

YEARLY LOW

0.3546 MKD

YEARLY AVERAGE

0.3696 MKD

2023 JMD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.3875. Conversely, the yearly low was recorded on July 18, dropping to 0.3546.

This high-to-low spread represents a total annual volatility of 0.0329 MKD. From a start-to-finish perspective, comparing the January average rate of 0.3741 to the December average rate of 0.3630, the exchange rate registered a net change of -2.95% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3875 was down 7.99% compared to the 2022 peak of 0.4212, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,938 MKD

2022 Average 1,910 MKD

Yearly Trough Low 1,773 MKD

Transaction Impact: A difference of 164.70 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3806

0.3593

JanuMarcMayJulySeptNove

JMD 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 0.3718, compared to 0.3675 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0043 points.

H1 Avg (Jan–Jun) 0.3718

H2 Avg (Jul–Dec) 0.3675

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0215 MKD (High: 0.3875 / Low: 0.3660). On the other end, October was the most stable month, with a tight range of 0.0059 MKD (High: 0.3794 / Low: 0.3735).

January Spread (Volatile) ±0.0215

October Spread (Stable) ±0.0059

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 0.0099 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0099

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3741) against the same month in 2022 (average: 0.3513), the exchange rate shifted by +0.0228 (+6.49%).

2023 Avg (January) 0.3741

2022 Avg (January) 0.3513

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3875	0.3660	0.3741
February	0.3790	0.3649	0.3730
March	0.3821	0.3739	0.3788
April	0.3768	0.3622	0.3690
May	0.3734	0.3629	0.3678
June	0.3731	0.3638	0.3681
July	0.3676	0.3546	0.3611
August	0.3699	0.3602	0.3651
September	0.3784	0.3691	0.3730
October	0.3794	0.3735	0.3759
November	0.3780	0.3609	0.3667
December	0.3680	0.3568	0.3630