2023 MKD to CAD Historical Review

YEARLY HIGH

0.0245 CAD

YEARLY LOW

0.0229 CAD

YEARLY AVERAGE

0.0237 CAD

2023 MKD to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 26, valuing the pair at 0.0245. Conversely, the yearly low was recorded on January 8, dropping to 0.0229.

This high-to-low spread represents a total annual volatility of 0.0016 CAD. From a start-to-finish perspective, comparing the January average rate of 0.0235 to the December average rate of 0.0238, the exchange rate registered a net change of 1.34% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0245 was up 3.24% compared to the 2022 peak of 0.0237, 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 123 CAD

2022 Average 111 CAD

Yearly Trough Low 114 CAD

Transaction Impact: A difference of 8.18 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0242

0.0233

JanuMarcMayJulySeptNove

MKD to CAD 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 0.0237, compared to 0.0238 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) 0.0237

H2 Avg (Jul–Dec) 0.0238

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0009 CAD (High: 0.0245 / Low: 0.0235). On the other end, June was the most stable month, with a tight range of 0.0003 CAD (High: 0.0235 / Low: 0.0233).

May Spread (Volatile) ±0.0009

June Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between February and April, 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 0.0005 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.0241) against the same month in 2022 (average: 0.0222), the exchange rate shifted by +0.0019 (+8.50%).

2023 Avg (April) 0.0241

2022 Avg (April) 0.0222

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0237	0.0229	0.0235
February	0.0238	0.0232	0.0234
March	0.0242	0.0234	0.0238
April	0.0245	0.0237	0.0241
May	0.0245	0.0235	0.0239
June	0.0235	0.0233	0.0234
July	0.0242	0.0234	0.0238
August	0.0240	0.0237	0.0239
September	0.0239	0.0231	0.0235
October	0.0239	0.0233	0.0235
November	0.0244	0.0235	0.0241
December	0.0239	0.0236	0.0238