2023 MKD to BRL Historical Review

YEARLY HIGH

0.0936 BRL

YEARLY LOW

0.0842 BRL

YEARLY AVERAGE

0.0877 BRL

2023 MKD to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0936. Conversely, the yearly low was recorded on September 15, dropping to 0.0842.

This high-to-low spread represents a total annual volatility of 0.0095 BRL. From a start-to-finish perspective, comparing the January average rate of 0.0907 to the December average rate of 0.0868, the exchange rate registered a net change of -4.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0936 was down 10.70% compared to the 2022 peak of 0.1048, 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 468 BRL

2022 Average 442 BRL

Yearly Trough Low 421 BRL

Transaction Impact: A difference of 47.31 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0913

0.0848

JanuMarcMayJulySeptNove

MKD to BRL 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 0.0890, compared to 0.0865 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.0890

H2 Avg (Jul–Dec) 0.0865

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0054 BRL (High: 0.0934 / Low: 0.0880). On the other end, December was the most stable month, with a tight range of 0.0020 BRL (High: 0.0877 / Low: 0.0857).

March Spread (Volatile) ±0.0054

December Spread (Stable) ±0.0020

Growth Streaks & Declines

Trends

Between June and August, 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 May and June, when the average rate fell by 0.0025 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0025

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0907) against the same month in 2022 (average: 0.1015), the exchange rate shifted by -0.0107 (-10.59%).

2023 Avg (January) 0.0907

2022 Avg (January) 0.1015

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0936	0.0889	0.0907
February	0.0922	0.0886	0.0900
March	0.0934	0.0880	0.0906
April	0.0907	0.0876	0.0893
May	0.0900	0.0863	0.0878
June	0.0870	0.0844	0.0853
July	0.0878	0.0845	0.0862
August	0.0882	0.0850	0.0870
September	0.0869	0.0842	0.0858
October	0.0887	0.0856	0.0869
November	0.0874	0.0847	0.0861
December	0.0877	0.0857	0.0868