2023 MKD to CZK Historical Review

YEARLY HIGH

0.4029 CZK

YEARLY LOW

0.3760 CZK

YEARLY AVERAGE

0.3898 CZK

2023 MKD to CZK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to CZK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.4029. Conversely, the yearly low was recorded on April 13, dropping to 0.3760.

This high-to-low spread represents a total annual volatility of 0.0268 CZK. From a start-to-finish perspective, comparing the January average rate of 0.3884 to the December average rate of 0.3977, the exchange rate registered a net change of 2.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4029 was down 3.71% compared to the 2022 peak of 0.4184, 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 2,014 CZK

2022 Average 1,994 CZK

Yearly Trough Low 1,880 CZK

Transaction Impact: A difference of 134.12 CZK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4013

0.3790

JanuMarcMayJulySeptNove

MKD to CZK 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 0.3845, compared to 0.3950 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0105 points.

H1 Avg (Jan–Jun) 0.3845

H2 Avg (Jul–Dec) 0.3950

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0146 CZK (High: 0.3941 / Low: 0.3795). On the other end, October was the most stable month, with a tight range of 0.0053 CZK (High: 0.4019 / Low: 0.3966).

July Spread (Volatile) ±0.0146

October Spread (Stable) ±0.0053

Growth Streaks & Declines

Trends

Between April and October, 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 March and April, when the average rate fell by 0.0036 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0036

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.3977) against the same month in 2022 (average: 0.3936), the exchange rate shifted by +0.0041 (+1.04%).

2023 Avg (December) 0.3977

2022 Avg (December) 0.3936

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3936	0.3834	0.3884
February	0.3906	0.3816	0.3854
March	0.3936	0.3791	0.3844
April	0.3857	0.3760	0.3809
May	0.3864	0.3795	0.3835
June	0.3876	0.3816	0.3844
July	0.3941	0.3795	0.3880
August	0.3944	0.3884	0.3917
September	0.3992	0.3923	0.3963
October	0.4019	0.3966	0.3995
November	0.4009	0.3932	0.3971
December	0.4029	0.3934	0.3977