2023 MKD to CVE Historical Review

YEARLY HIGH

1.8444 CVE

YEARLY LOW

1.7651 CVE

YEARLY AVERAGE

1.7929 CVE

2023 MKD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 1.8444. Conversely, the yearly low was recorded on January 3, dropping to 1.7651.

This high-to-low spread represents a total annual volatility of 0.0793 CVE. From a start-to-finish perspective, comparing the January average rate of 1.7922 to the December average rate of 1.7942, the exchange rate registered a net change of 0.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.8444 was down 2.11% compared to the 2022 peak of 1.8842, 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 9,222 CVE

2022 Average 8,972 CVE

Yearly Trough Low 8,826 CVE

Transaction Impact: A difference of 396.32 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.7956

1.7906

JanuMarcMayJulySeptNove

MKD to CVE 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 1.7928, compared to 1.7931 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 1.7928

H2 Avg (Jul–Dec) 1.7931

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0588 CVE (High: 1.8285 / Low: 1.7697). On the other end, May was the most stable month, with a tight range of 0.0191 CVE (High: 1.8017 / Low: 1.7827).

November Spread (Volatile) ±0.0588

May Spread (Stable) ±0.0191

Growth Streaks & Declines

Trends

Between August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0020 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1.7942) against the same month in 2022 (average: 1.7932), the exchange rate shifted by +0.0011 (+0.06%).

2023 Avg (December) 1.7942

2022 Avg (December) 1.7932

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8080	1.7651	1.7922
February	1.8030	1.7826	1.7916
March	1.8010	1.7724	1.7910
April	1.8142	1.7804	1.7939
May	1.8017	1.7827	1.7936
June	1.8378	1.7830	1.7943
July	1.8031	1.7678	1.7923
August	1.8016	1.7822	1.7913
September	1.8000	1.7772	1.7917
October	1.8082	1.7786	1.7939
November	1.8285	1.7697	1.7952
December	1.8444	1.7861	1.7942