2023 MKD to BDT Historical Review

YEARLY HIGH

1.9908 BDT

YEARLY LOW

1.7670 BDT

YEARLY AVERAGE

1.8975 BDT

2023 MKD to BDT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to BDT exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 1.9908. Conversely, the yearly low was recorded on January 3, dropping to 1.7670.

This high-to-low spread represents a total annual volatility of 0.2238 BDT. From a start-to-finish perspective, comparing the January average rate of 1.8330 to the December average rate of 1.9513, the exchange rate registered a net change of 6.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.9908 was up 8.63% compared to the 2022 peak of 1.8326, 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 9,954 BDT

2022 Average 7,962 BDT

Yearly Trough Low 8,835 BDT

Transaction Impact: A difference of 1,119.02 BDT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.9631

1.8212

JanuMarcMayJulySeptNove

MKD to BDT 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 1.8671, compared to 1.9279 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0608 points.

H1 Avg (Jan–Jun) 1.8671

H2 Avg (Jul–Dec) 1.9279

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1165 BDT (High: 1.8835 / Low: 1.7670). On the other end, October was the most stable month, with a tight range of 0.0312 BDT (High: 1.9084 / Low: 1.8771).

January Spread (Volatile) ±0.1165

October Spread (Stable) ±0.0312

Growth Streaks & Declines

Trends

Between May and July, 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 0.0312 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0312

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1.9513) against the same month in 2022 (average: 1.7838), the exchange rate shifted by +0.1675 (+9.39%).

2023 Avg (December) 1.9513

2022 Avg (December) 1.7838

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8835	1.7670	1.8330
February	1.9042	1.7940	1.8483
March	1.8983	1.8010	1.8400
April	1.9158	1.8578	1.8908
May	1.9259	1.8596	1.8900
June	1.9286	1.8598	1.9003
July	1.9840	1.9085	1.9465
August	1.9555	1.9164	1.9359
September	1.9303	1.8849	1.9047
October	1.9084	1.8771	1.8916
November	1.9698	1.8840	1.9372
December	1.9908	1.9234	1.9513