2023 KZT to MKD Historical Review

YEARLY HIGH

0.1347 MKD

YEARLY LOW

0.1209 MKD

YEARLY AVERAGE

0.1248 MKD

2023 KZT to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KZT to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 5, valuing the pair at 0.1347. Conversely, the yearly low was recorded on October 23, dropping to 0.1209.

This high-to-low spread represents a total annual volatility of 0.0138 MKD. From a start-to-finish perspective, comparing the January average rate of 0.1236 to the December average rate of 0.1228, the exchange rate registered a net change of -0.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1347 was down 3.02% compared to the 2022 peak of 0.1389, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 674 MKD

2022 Average 635 MKD

Yearly Trough Low 605 MKD

Transaction Impact: A difference of 68.93 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1281

0.1217

JanuMarcMayJulySeptNove

KZT 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 0.1261, compared to 0.1235 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0027 points.

H1 Avg (Jan–Jun) 0.1261

H2 Avg (Jul–Dec) 0.1235

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0125 MKD (High: 0.1347 / Low: 0.1222). On the other end, October was the most stable month, with a tight range of 0.0032 MKD (High: 0.1241 / Low: 0.1209).

March Spread (Volatile) ±0.0125

October Spread (Stable) ±0.0032

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0033 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0033

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.1276) against the same month in 2022 (average: 0.1112), the exchange rate shifted by +0.0164 (+14.78%).

2023 Avg (March) 0.1276

2022 Avg (March) 0.1112

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1265	0.1222	0.1236
February	0.1309	0.1228	0.1274
March	0.1347	0.1222	0.1276
April	0.1273	0.1222	0.1243
May	0.1294	0.1241	0.1271
June	0.1293	0.1243	0.1268
July	0.1269	0.1232	0.1251
August	0.1264	0.1216	0.1246
September	0.1245	0.1211	0.1230
October	0.1241	0.1209	0.1223
November	0.1255	0.1215	0.1230
December	0.1246	0.1215	0.1228