2023 KES to MKD Historical Review

YEARLY HIGH

0.4752 MKD

YEARLY LOW

0.3529 MKD

YEARLY AVERAGE

0.4093 MKD

2023 KES to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KES to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.4752. Conversely, the yearly low was recorded on December 28, dropping to 0.3529.

This high-to-low spread represents a total annual volatility of 0.1223 MKD. From a start-to-finish perspective, comparing the January average rate of 0.4614 to the December average rate of 0.3651, the exchange rate registered a net change of -20.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4752 was down 10.28% compared to the 2022 peak of 0.5297, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,376 MKD

2022 Average 2,483 MKD

Yearly Trough Low 1,765 MKD

Transaction Impact: A difference of 611.39 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4710

0.3555

JanuMarcMayJulySeptNove

KES 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 0.4336, compared to 0.3849 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0487 points.

H1 Avg (Jan–Jun) 0.4336

H2 Avg (Jul–Dec) 0.3849

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0288 MKD (High: 0.4557 / Low: 0.4269). On the other end, September was the most stable month, with a tight range of 0.0058 MKD (High: 0.3968 / Low: 0.3909).

March Spread (Volatile) ±0.0288

September Spread (Stable) ±0.0058

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 March and April, when the average rate fell by 0.0264 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0264

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.4614) against the same month in 2022 (average: 0.4801), the exchange rate shifted by -0.0187 (-3.90%).

2023 Avg (January) 0.4614

2022 Avg (January) 0.4801

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4752	0.4537	0.4614
February	0.4608	0.4519	0.4579
March	0.4557	0.4269	0.4442
April	0.4279	0.4070	0.4178
May	0.4177	0.4094	0.4131
June	0.4193	0.3998	0.4074
July	0.4072	0.3862	0.3939
August	0.3990	0.3878	0.3927
September	0.3968	0.3909	0.3927
October	0.3960	0.3850	0.3902
November	0.3892	0.3668	0.3749
December	0.3731	0.3529	0.3651