2023 MKD to BTN Historical Review

YEARLY HIGH

1.5091 BTN

YEARLY LOW

1.4038 BTN

YEARLY AVERAGE

1.4499 BTN

2023 MKD to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 1.5091. Conversely, the yearly low was recorded on March 8, dropping to 1.4038.

This high-to-low spread represents a total annual volatility of 0.1052 BTN. From a start-to-finish perspective, comparing the January average rate of 1.4310 to the December average rate of 1.4778, the exchange rate registered a net change of 3.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.5091 was up 5.42% compared to the 2022 peak of 1.4314, 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 7,545 BTN

2022 Average 6,712 BTN

Yearly Trough Low 7,019 BTN

Transaction Impact: A difference of 526.17 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.4828

1.4227

JanuMarcMayJulySeptNove

MKD to BTN 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 1.4419, compared to 1.4580 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0160 points.

H1 Avg (Jan–Jun) 1.4419

H2 Avg (Jul–Dec) 1.4580

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0654 BTN (High: 1.4862 / Low: 1.4207). On the other end, October was the most stable month, with a tight range of 0.0230 BTN (High: 1.4396 / Low: 1.4166).

November Spread (Volatile) ±0.0654

October Spread (Stable) ±0.0230

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 0.0270 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0270

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1.4778) against the same month in 2022 (average: 1.4171), the exchange rate shifted by +0.0607 (+4.29%).

2023 Avg (December) 1.4778

2022 Avg (December) 1.4171

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4479	1.4071	1.4310
February	1.4544	1.4191	1.4358
March	1.4541	1.4038	1.4287
April	1.4749	1.4396	1.4589
May	1.4685	1.4344	1.4518
June	1.4617	1.4272	1.4453
July	1.4979	1.4469	1.4742
August	1.4791	1.4489	1.4671
September	1.4525	1.4223	1.4402
October	1.4396	1.4166	1.4277
November	1.4862	1.4207	1.4609
December	1.5091	1.4582	1.4778