2023 MKD to COP Historical Review

YEARLY HIGH

85.9229 COP

YEARLY LOW

67.7490 COP

YEARLY AVERAGE

75.9459 COP

2023 MKD to COP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 22, valuing the pair at 85.9229. Conversely, the yearly low was recorded on September 19, dropping to 67.7490.

This high-to-low spread represents a total annual volatility of 18.1739 COP. From a start-to-finish perspective, comparing the January average rate of 82.4128 to the December average rate of 70.1750, the exchange rate registered a net change of -14.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 85.9229 was up 1.72% compared to the 2022 peak of 84.4670, 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 429,614 COP

2022 Average 363,124 COP

Yearly Trough Low 338,745 COP

Transaction Impact: A difference of 90,869.26 COP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

84.7368

68.1862

JanuMarcMayJulySeptNove

MKD to COP 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 80.5387, compared to 71.3530 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 9.1857 points.

H1 Avg (Jan–Jun) 80.5387

H2 Avg (Jul–Dec) 71.3530

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 7.8872 COP (High: 84.0409 / Low: 76.1537). On the other end, December was the most stable month, with a tight range of 1.8601 COP (High: 71.0580 / Low: 69.1978).

May Spread (Volatile) ±7.8872

December Spread (Stable) ±1.8601

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 6.2467 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -6.2467

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 83.3576) against the same month in 2022 (average: 72.4677), the exchange rate shifted by +10.8899 (+15.03%).

2023 Avg (February) 83.3576

2022 Avg (February) 72.4677

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	85.5910	79.5574	82.4128
February	85.9229	81.3633	83.3576
March	84.5299	81.2555	82.6792
April	83.8237	78.5139	80.7772
May	84.0409	76.1537	80.1261
June	76.9438	72.1685	73.8794
July	74.8247	70.3235	72.9843
August	74.1787	69.9828	72.1491
September	72.0894	67.7490	69.5654
October	74.8734	69.8607	72.4719
November	72.6625	69.1451	70.7724
December	71.0580	69.1978	70.1750