2023 KWD to MKD Historical Review

YEARLY HIGH

192.0509 MKD

YEARLY LOW

178.8150 MKD

YEARLY AVERAGE

185.2942 MKD

2023 KWD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KWD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 192.0509. Conversely, the yearly low was recorded on July 18, dropping to 178.8150.

This high-to-low spread represents a total annual volatility of 13.2359 MKD. From a start-to-finish perspective, comparing the January average rate of 187.1471 to the December average rate of 183.1440, the exchange rate registered a net change of -2.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 192.0509 was down 6.76% compared to the 2022 peak of 205.9672, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 960,255 MKD

2022 Average 955,963 MKD

Yearly Trough Low 894,075 MKD

Transaction Impact: A difference of 66,179.34 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

189.0092

180.9035

JanuMarcMayJulySeptNove

KWD 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 185.9718, compared to 184.6167 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3550 points.

H1 Avg (Jan–Jun) 185.9718

H2 Avg (Jul–Dec) 184.6167

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 7.5531 MKD (High: 189.3335 / Low: 181.7804). On the other end, October was the most stable month, with a tight range of 3.2484 MKD (High: 190.0361 / Low: 186.7877).

November Spread (Volatile) ±7.5531

October Spread (Stable) ±3.2484

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 4.5212 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -4.5212

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 187.1471) against the same month in 2022 (average: 179.9654), the exchange rate shifted by +7.1817 (+3.99%).

2023 Avg (January) 187.1471

2022 Avg (January) 179.9654

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	192.0509	184.7859	187.1471
February	189.7030	184.7977	187.9680
March	190.1452	184.2597	187.7278
April	184.9261	181.3068	183.2065
May	187.4390	181.9596	184.6804
June	187.7674	182.7205	185.1007
July	184.3596	178.8150	181.5790
August	185.0795	181.7056	183.2923
September	189.3375	184.8433	186.6974
October	190.0361	186.7877	188.3337
November	189.3335	181.7804	184.6541
December	185.3974	180.2930	183.1440