2023 MKD to CNY Historical Review

YEARLY HIGH

0.1317 CNY

YEARLY LOW

0.1164 CNY

YEARLY AVERAGE

0.1242 CNY

2023 MKD to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 0.1317. Conversely, the yearly low was recorded on January 8, dropping to 0.1164.

This high-to-low spread represents a total annual volatility of 0.0153 CNY. From a start-to-finish perspective, comparing the January average rate of 0.1188 to the December average rate of 0.1263, the exchange rate registered a net change of 6.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1317 was up 8.65% compared to the 2022 peak of 0.1212, 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 658 CNY

2022 Average 575 CNY

Yearly Trough Low 582 CNY

Transaction Impact: A difference of 76.46 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1301

0.1177

JanuMarcMayJulySeptNove

MKD to CNY 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 0.1216, compared to 0.1269 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0054 points.

H1 Avg (Jan–Jun) 0.1216

H2 Avg (Jul–Dec) 0.1269

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0058 CNY (High: 0.1286 / Low: 0.1229). On the other end, May was the most stable month, with a tight range of 0.0016 CNY (High: 0.1241 / Low: 0.1225).

June Spread (Volatile) ±0.0058

May Spread (Stable) ±0.0016

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 0.0017 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.1290) against the same month in 2022 (average: 0.1114), the exchange rate shifted by +0.0176 (+15.81%).

2023 Avg (July) 0.1290

2022 Avg (July) 0.1114

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1203	0.1164	0.1188
February	0.1202	0.1182	0.1190
March	0.1216	0.1186	0.1198
April	0.1249	0.1210	0.1227
May	0.1241	0.1225	0.1233
June	0.1286	0.1229	0.1258
July	0.1317	0.1271	0.1290
August	0.1292	0.1268	0.1283
September	0.1277	0.1248	0.1265
October	0.1267	0.1225	0.1249
November	0.1282	0.1251	0.1265
December	0.1287	0.1244	0.1263