2023 MKD to DKK Historical Review

YEARLY HIGH

0.1223 DKK

YEARLY LOW

0.1187 DKK

YEARLY AVERAGE

0.1210 DKK

2023 MKD to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 0.1223. Conversely, the yearly low was recorded on January 8, dropping to 0.1187.

This high-to-low spread represents a total annual volatility of 0.0036 DKK. From a start-to-finish perspective, comparing the January average rate of 0.1206 to the December average rate of 0.1211, the exchange rate registered a net change of 0.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1223 was down 0.55% compared to the 2022 peak of 0.1230, 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 612 DKK

2022 Average 604 DKK

Yearly Trough Low 593 DKK

Transaction Impact: A difference of 18.06 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1213

0.1206

JanuMarcMayJulySeptNove

MKD to DKK 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 0.1209, compared to 0.1211 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.1209

H2 Avg (Jul–Dec) 0.1211

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0032 DKK (High: 0.1221 / Low: 0.1189). On the other end, October was the most stable month, with a tight range of 0.0007 DKK (High: 0.1216 / Low: 0.1209).

July Spread (Volatile) ±0.0032

October Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0002 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.1210) against the same month in 2022 (average: 0.1207), the exchange rate shifted by +0.0003 (+0.24%).

2023 Avg (February) 0.1210

2022 Avg (February) 0.1207

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1217	0.1187	0.1206
February	0.1223	0.1194	0.1210
March	0.1221	0.1197	0.1209
April	0.1223	0.1204	0.1211
May	0.1218	0.1205	0.1210
June	0.1213	0.1198	0.1208
July	0.1221	0.1189	0.1210
August	0.1214	0.1202	0.1210
September	0.1214	0.1206	0.1212
October	0.1216	0.1209	0.1212
November	0.1216	0.1202	0.1210
December	0.1215	0.1201	0.1211