2023 MKD to AWG Historical Review

YEARLY HIGH

0.0329 AWG

YEARLY LOW

0.0307 AWG

YEARLY AVERAGE

0.0316 AWG

2023 MKD to AWG Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to AWG exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 0.0329. Conversely, the yearly low was recorded on October 2, dropping to 0.0307.

This high-to-low spread represents a total annual volatility of 0.0022 AWG. From a start-to-finish perspective, comparing the January average rate of 0.0315 to the December average rate of 0.0319, the exchange rate registered a net change of 1.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0329 was down 1.83% compared to the 2022 peak of 0.0335, 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 165 AWG

2022 Average 154 AWG

Yearly Trough Low 153 AWG

Transaction Impact: A difference of 11.23 AWG purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0325

0.0308

JanuMarcMayJulySeptNove

MKD to AWG 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 0.0316, compared to 0.0317 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0316

H2 Avg (Jul–Dec) 0.0317

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0013 AWG (High: 0.0321 / Low: 0.0308). On the other end, October was the most stable month, with a tight range of 0.0005 AWG (High: 0.0312 / Low: 0.0307).

November Spread (Volatile) ±0.0013

October Spread (Stable) ±0.0005

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 0.0007 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0324) against the same month in 2022 (average: 0.0297), the exchange rate shifted by +0.0026 (+8.89%).

2023 Avg (July) 0.0324

2022 Avg (July) 0.0297

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0320	0.0307	0.0315
February	0.0320	0.0309	0.0313
March	0.0319	0.0308	0.0313
April	0.0325	0.0317	0.0321
May	0.0324	0.0313	0.0318
June	0.0321	0.0313	0.0317
July	0.0329	0.0318	0.0324
August	0.0323	0.0315	0.0319
September	0.0316	0.0307	0.0312
October	0.0312	0.0307	0.0309
November	0.0321	0.0308	0.0316
December	0.0325	0.0315	0.0319