2023 MKD to AED Historical Review

YEARLY HIGH

0.0671 AED

YEARLY LOW

0.0625 AED

YEARLY AVERAGE

0.0645 AED

2023 MKD to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 0.0671. Conversely, the yearly low was recorded on January 8, dropping to 0.0625.

This high-to-low spread represents a total annual volatility of 0.0046 AED. From a start-to-finish perspective, comparing the January average rate of 0.0642 to the December average rate of 0.0651, the exchange rate registered a net change of 1.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0671 was down 1.94% compared to the 2022 peak of 0.0684, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 335 AED

2022 Average 314 AED

Yearly Trough Low 313 AED

Transaction Impact: A difference of 22.79 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0662

0.0628

JanuMarcMayJulySeptNove

MKD to AED 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 0.0645, compared to 0.0646 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0645

H2 Avg (Jul–Dec) 0.0646

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0027 AED (High: 0.0655 / Low: 0.0628). On the other end, October was the most stable month, with a tight range of 0.0011 AED (High: 0.0636 / Low: 0.0625).

November Spread (Volatile) ±0.0027

October Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between October and December, 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 August and September, when the average rate fell by 0.0013 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0660) against the same month in 2022 (average: 0.0608), the exchange rate shifted by +0.0052 (+8.50%).

2023 Avg (July) 0.0660

2022 Avg (July) 0.0608

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0652	0.0625	0.0642
February	0.0652	0.0631	0.0639
March	0.0650	0.0628	0.0638
April	0.0663	0.0646	0.0654
May	0.0659	0.0637	0.0648
June	0.0654	0.0637	0.0646
July	0.0671	0.0648	0.0660
August	0.0657	0.0644	0.0651
September	0.0645	0.0627	0.0637
October	0.0636	0.0625	0.0631
November	0.0655	0.0628	0.0645
December	0.0663	0.0642	0.0651