2023 LRD to MKD Historical Review

YEARLY HIGH

0.3802 MKD

YEARLY LOW

0.2940 MKD

YEARLY AVERAGE

0.3280 MKD

2023 LRD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LRD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.3802. Conversely, the yearly low was recorded on December 28, dropping to 0.2940.

This high-to-low spread represents a total annual volatility of 0.0862 MKD. From a start-to-finish perspective, comparing the January average rate of 0.3681 to the December average rate of 0.2996, the exchange rate registered a net change of -18.61% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3802 was down 8.73% compared to the 2022 peak of 0.4166, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,901 MKD

2022 Average 1,916 MKD

Yearly Trough Low 1,470 MKD

Transaction Impact: A difference of 431.12 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3749

0.2927

JanuMarcMayJulySeptNove

LRD 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 0.3510, compared to 0.3050 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0460 points.

H1 Avg (Jan–Jun) 0.3510

H2 Avg (Jul–Dec) 0.3050

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0282 MKD (High: 0.3409 / Low: 0.3127). On the other end, October was the most stable month, with a tight range of 0.0059 MKD (High: 0.3147 / Low: 0.3088).

June Spread (Volatile) ±0.0282

October Spread (Stable) ±0.0059

Growth Streaks & Declines

Trends

Between August and October, 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 June and July, when the average rate fell by 0.0226 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0226

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3681) against the same month in 2022 (average: 0.3644), the exchange rate shifted by +0.0036 (+1.00%).

2023 Avg (January) 0.3681

2022 Avg (January) 0.3644

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3802	0.3602	0.3681
February	0.3785	0.3592	0.3677
March	0.3735	0.3483	0.3609
April	0.3495	0.3350	0.3441
May	0.3426	0.3365	0.3394
June	0.3409	0.3127	0.3258
July	0.3148	0.2965	0.3032
August	0.3068	0.2994	0.3030
September	0.3138	0.3063	0.3093
October	0.3147	0.3088	0.3117
November	0.3120	0.2980	0.3033
December	0.3041	0.2940	0.2996