2023 MKD to BZD Historical Review

YEARLY HIGH

0.0368 BZD

YEARLY LOW

0.0343 BZD

YEARLY AVERAGE

0.0354 BZD

2023 MKD to BZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to BZD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 0.0368. Conversely, the yearly low was recorded on October 3, dropping to 0.0343.

This high-to-low spread represents a total annual volatility of 0.0025 BZD. From a start-to-finish perspective, comparing the January average rate of 0.0353 to the December average rate of 0.0358, the exchange rate registered a net change of 1.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0368 was down 1.97% compared to the 2022 peak of 0.0375, 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 184 BZD

2022 Average 172 BZD

Yearly Trough Low 172 BZD

Transaction Impact: A difference of 12.44 BZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0363

0.0344

JanuMarcMayJulySeptNove

MKD to BZD 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 0.0354, compared to 0.0354 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) 0.0354

H2 Avg (Jul–Dec) 0.0354

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0015 BZD (High: 0.0359 / Low: 0.0344). On the other end, October was the most stable month, with a tight range of 0.0006 BZD (High: 0.0349 / Low: 0.0343).

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: 0.0362) against the same month in 2022 (average: 0.0333), the exchange rate shifted by +0.0028 (+8.40%).

2023 Avg (July) 0.0362

2022 Avg (July) 0.0333

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0358	0.0343	0.0353
February	0.0358	0.0346	0.0350
March	0.0357	0.0345	0.0349
April	0.0363	0.0355	0.0359
May	0.0362	0.0350	0.0355
June	0.0359	0.0349	0.0354
July	0.0368	0.0356	0.0362
August	0.0361	0.0353	0.0357
September	0.0354	0.0345	0.0350
October	0.0349	0.0343	0.0346
November	0.0359	0.0344	0.0354
December	0.0366	0.0353	0.0358