2023 MKD to CDF Historical Review

YEARLY HIGH

49.8987 CDF

YEARLY LOW

34.6210 CDF

YEARLY AVERAGE

41.0248 CDF

2023 MKD to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 49.8987. Conversely, the yearly low was recorded on January 7, dropping to 34.6210.

This high-to-low spread represents a total annual volatility of 15.2777 CDF. From a start-to-finish perspective, comparing the January average rate of 35.8326 to the December average rate of 48.2885, the exchange rate registered a net change of 34.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 49.8987 was up 33.43% compared to the 2022 peak of 37.3970, 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 249,493 CDF

2022 Average 172,710 CDF

Yearly Trough Low 173,105 CDF

Transaction Impact: A difference of 76,388.56 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

49.5341

34.5870

JanuMarcMayJulySeptNove

MKD to CDF 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 37.4684, compared to 44.5811 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.1127 points.

H1 Avg (Jan–Jun) 37.4684

H2 Avg (Jul–Dec) 44.5811

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 5.8697 CDF (High: 48.2298 / Low: 42.3601). On the other end, August was the most stable month, with a tight range of 1.0682 CDF (High: 44.3556 / Low: 43.2874).

November Spread (Volatile) ±5.8697

August Spread (Stable) ±1.0682

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.7783 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.7783

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 48.2885) against the same month in 2022 (average: 35.1507), the exchange rate shifted by +13.1378 (+37.38%).

2023 Avg (December) 48.2885

2022 Avg (December) 35.1507

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	36.5927	34.6210	35.8326
February	36.4672	35.1681	35.8540
March	36.7136	35.2023	35.9386
April	39.2695	36.0831	37.0803
May	40.7263	36.0956	38.5944
June	42.5142	40.3518	41.5104
July	45.8872	42.5142	44.3365
August	44.3556	43.2874	43.8708
September	43.6311	42.5226	43.0925
October	44.6229	42.2044	43.2392
November	48.2298	42.3601	44.6593
December	49.8987	46.7872	48.2885