2023 JPY to MKD Historical Review

YEARLY HIGH

0.4458 MKD

YEARLY LOW

0.3756 MKD

YEARLY AVERAGE

0.4062 MKD

2023 JPY to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JPY to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.4458. Conversely, the yearly low was recorded on November 15, dropping to 0.3756.

This high-to-low spread represents a total annual volatility of 0.0703 MKD. From a start-to-finish perspective, comparing the January average rate of 0.4393 to the December average rate of 0.3925, the exchange rate registered a net change of -10.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4458 was down 9.39% compared to the 2022 peak of 0.4921, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 JPY based on timing:

Yearly Peak High 222,915 MKD

2022 Average 223,505 MKD

Yearly Trough Low 187,786 MKD

Transaction Impact: A difference of 35,128.85 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4452

0.3743

JanuMarcMayJulySeptNove

JPY 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 0.4230, compared to 0.3894 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0336 points.

H1 Avg (Jan–Jun) 0.4230

H2 Avg (Jul–Dec) 0.3894

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0256 MKD (High: 0.4314 / Low: 0.4058). On the other end, September was the most stable month, with a tight range of 0.0035 MKD (High: 0.3919 / Low: 0.3884).

April Spread (Volatile) ±0.0256

September Spread (Stable) ±0.0035

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0106 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0106

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.4393) against the same month in 2022 (average: 0.4740), the exchange rate shifted by -0.0347 (-7.32%).

2023 Avg (January) 0.4393

2022 Avg (January) 0.4740

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4458	0.4335	0.4393
February	0.4398	0.4261	0.4320
March	0.4393	0.4208	0.4308
April	0.4314	0.4058	0.4203
May	0.4197	0.4071	0.4131
June	0.4156	0.3901	0.4025
July	0.4043	0.3878	0.3946
August	0.3967	0.3859	0.3898
September	0.3919	0.3884	0.3900
October	0.3939	0.3842	0.3894
November	0.3887	0.3756	0.3802
December	0.3997	0.3852	0.3925