2023 KGS to MKD Historical Review

YEARLY HIGH

0.6989 MKD

YEARLY LOW

0.6221 MKD

YEARLY AVERAGE

0.6483 MKD

2023 KGS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KGS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.6989. Conversely, the yearly low was recorded on December 28, dropping to 0.6221.

This high-to-low spread represents a total annual volatility of 0.0768 MKD. From a start-to-finish perspective, comparing the January average rate of 0.6683 to the December average rate of 0.6326, the exchange rate registered a net change of -5.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6989 was down 11.76% compared to the 2022 peak of 0.7920, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,495 MKD

2022 Average 3,492 MKD

Yearly Trough Low 3,111 MKD

Transaction Impact: A difference of 383.97 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6718

0.6290

JanuMarcMayJulySeptNove

KGS 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 0.6547, compared to 0.6420 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0127 points.

H1 Avg (Jan–Jun) 0.6547

H2 Avg (Jul–Dec) 0.6420

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0442 MKD (High: 0.6989 / Low: 0.6548). On the other end, August was the most stable month, with a tight range of 0.0105 MKD (High: 0.6467 / Low: 0.6362).

January Spread (Volatile) ±0.0442

August 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 March and April, when the average rate fell by 0.0166 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0166

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.6683) against the same month in 2022 (average: 0.6420), the exchange rate shifted by +0.0263 (+4.09%).

2023 Avg (January) 0.6683

2022 Avg (January) 0.6420

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6989	0.6548	0.6683
February	0.6662	0.6538	0.6615
March	0.6685	0.6464	0.6583
April	0.6504	0.6325	0.6417
May	0.6581	0.6364	0.6480
June	0.6592	0.6420	0.6502
July	0.6501	0.6233	0.6350
August	0.6467	0.6362	0.6409
September	0.6602	0.6455	0.6510
October	0.6624	0.6466	0.6536
November	0.6549	0.6302	0.6388
December	0.6406	0.6221	0.6326