2023 MKD to BWP Historical Review

YEARLY HIGH

0.2433 BWP

YEARLY LOW

0.2191 BWP

YEARLY AVERAGE

0.2345 BWP

2023 MKD to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.2433. Conversely, the yearly low was recorded on January 4, dropping to 0.2191.

This high-to-low spread represents a total annual volatility of 0.0242 BWP. From a start-to-finish perspective, comparing the January average rate of 0.2234 to the December average rate of 0.2395, the exchange rate registered a net change of 7.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2433 was up 8.54% compared to the 2022 peak of 0.2242, 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 1,217 BWP

2022 Average 1,056 BWP

Yearly Trough Low 1,096 BWP

Transaction Impact: A difference of 121.00 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2411

0.2218

JanuMarcMayJulySeptNove

MKD to BWP 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 0.2314, compared to 0.2377 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0063 points.

H1 Avg (Jan–Jun) 0.2314

H2 Avg (Jul–Dec) 0.2377

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0091 BWP (High: 0.2413 / Low: 0.2322). On the other end, October was the most stable month, with a tight range of 0.0044 BWP (High: 0.2381 / Low: 0.2337).

November Spread (Volatile) ±0.0091

October Spread (Stable) ±0.0044

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0023 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0023

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.2395) against the same month in 2022 (average: 0.2214), the exchange rate shifted by +0.0181 (+8.17%).

2023 Avg (December) 0.2395

2022 Avg (December) 0.2214

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2269	0.2191	0.2234
February	0.2292	0.2247	0.2274
March	0.2327	0.2276	0.2297
April	0.2374	0.2300	0.2338
May	0.2403	0.2351	0.2376
June	0.2391	0.2341	0.2364
July	0.2405	0.2332	0.2377
August	0.2413	0.2358	0.2391
September	0.2393	0.2344	0.2368
October	0.2381	0.2337	0.2358
November	0.2413	0.2322	0.2373
December	0.2433	0.2371	0.2395