2023 MKD to BBD Historical Review

YEARLY HIGH

0.0365 BBD

YEARLY LOW

0.0340 BBD

YEARLY AVERAGE

0.0351 BBD

2023 MKD to BBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to BBD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 0.0365. Conversely, the yearly low was recorded on January 8, dropping to 0.0340.

This high-to-low spread represents a total annual volatility of 0.0025 BBD. From a start-to-finish perspective, comparing the January average rate of 0.0350 to the December average rate of 0.0355, 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 0.0365 was down 1.94% compared to the 2022 peak of 0.0372, 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 183 BBD

2022 Average 171 BBD

Yearly Trough Low 170 BBD

Transaction Impact: A difference of 12.40 BBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0361

0.0342

JanuMarcMayJulySeptNove

MKD to BBD 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 0.0351, compared to 0.0352 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) 0.0351

H2 Avg (Jul–Dec) 0.0352

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0015 BBD (High: 0.0357 / Low: 0.0342). On the other end, October was the most stable month, with a tight range of 0.0006 BBD (High: 0.0346 / Low: 0.0340).

November Spread (Volatile) ±0.0015

October Spread (Stable) ±0.0006

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: 0.0359) against the same month in 2022 (average: 0.0331), the exchange rate shifted by +0.0028 (+8.50%).

2023 Avg (July) 0.0359

2022 Avg (July) 0.0331

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0355	0.0340	0.0350
February	0.0355	0.0343	0.0348
March	0.0354	0.0342	0.0348
April	0.0361	0.0352	0.0356
May	0.0359	0.0347	0.0353
June	0.0356	0.0347	0.0352
July	0.0365	0.0353	0.0359
August	0.0358	0.0350	0.0354
September	0.0351	0.0342	0.0347
October	0.0346	0.0340	0.0343
November	0.0357	0.0342	0.0351
December	0.0361	0.0350	0.0355