2023 LKR to MKD Historical Review

YEARLY HIGH

0.1986 MKD

YEARLY LOW

0.1543 MKD

YEARLY AVERAGE

0.1738 MKD

2023 LKR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LKR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 2, valuing the pair at 0.1986. Conversely, the yearly low was recorded on January 12, dropping to 0.1543.

This high-to-low spread represents a total annual volatility of 0.0443 MKD. From a start-to-finish perspective, comparing the January average rate of 0.1564 to the December average rate of 0.1726, the exchange rate registered a net change of 10.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1986 was down 29.46% compared to the 2022 peak of 0.2816, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 993 MKD

2022 Average 942 MKD

Yearly Trough Low 772 MKD

Transaction Impact: A difference of 221.58 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1912

0.1532

JanuMarcMayJulySeptNove

LKR 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 0.1720, compared to 0.1757 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0037 points.

H1 Avg (Jan–Jun) 0.1720

H2 Avg (Jul–Dec) 0.1757

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0219 MKD (High: 0.1961 / Low: 0.1742). On the other end, September was the most stable month, with a tight range of 0.0034 MKD (High: 0.1806 / Low: 0.1773).

May Spread (Volatile) ±0.0219

September Spread (Stable) ±0.0034

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0135 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0135

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.1881) against the same month in 2022 (average: 0.1620), the exchange rate shifted by +0.0261 (+16.12%).

2023 Avg (June) 0.1881

2022 Avg (June) 0.1620

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1606	0.1543	0.1564
February	0.1609	0.1543	0.1576
March	0.1790	0.1594	0.1723
April	0.1776	0.1714	0.1744
May	0.1961	0.1742	0.1831
June	0.1986	0.1777	0.1881
July	0.1847	0.1674	0.1746
August	0.1778	0.1726	0.1754
September	0.1806	0.1773	0.1783
October	0.1813	0.1772	0.1792
November	0.1784	0.1702	0.1738
December	0.1749	0.1702	0.1726