2023 MKD to DOP Historical Review

YEARLY HIGH

1.0459 DOP

YEARLY LOW

0.9425 DOP

YEARLY AVERAGE

0.9835 DOP

2023 MKD to DOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to DOP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 1.0459. Conversely, the yearly low was recorded on March 15, dropping to 0.9425.

This high-to-low spread represents a total annual volatility of 0.1034 DOP. From a start-to-finish perspective, comparing the January average rate of 0.9897 to the December average rate of 1.0169, the exchange rate registered a net change of 2.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0459 was down 2.79% compared to the 2022 peak of 1.0759, 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 5,230 DOP

2022 Average 4,705 DOP

Yearly Trough Low 4,713 DOP

Transaction Impact: A difference of 516.90 DOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0231

0.9487

JanuMarcMayJulySeptNove

MKD to DOP 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 0.9705, compared to 0.9964 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0259 points.

H1 Avg (Jan–Jun) 0.9705

H2 Avg (Jul–Dec) 0.9964

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0515 DOP (High: 1.0459 / Low: 0.9944). On the other end, August was the most stable month, with a tight range of 0.0182 DOP (High: 1.0125 / Low: 0.9943).

December Spread (Volatile) ±0.0515

August Spread (Stable) ±0.0182

Growth Streaks & Declines

Trends

Between May and August, 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 February and March, when the average rate fell by 0.0218 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0218

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1.0169) against the same month in 2022 (average: 0.9511), the exchange rate shifted by +0.0658 (+6.92%).

2023 Avg (December) 1.0169

2022 Avg (December) 0.9511

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0049	0.9608	0.9897
February	1.0045	0.9545	0.9767
March	0.9708	0.9425	0.9549
April	0.9849	0.9659	0.9745
May	0.9783	0.9465	0.9622
June	0.9829	0.9450	0.9650
July	1.0223	0.9761	1.0020
August	1.0125	0.9943	1.0032
September	0.9998	0.9695	0.9847
October	0.9861	0.9661	0.9752
November	1.0128	0.9698	0.9966
December	1.0459	0.9944	1.0169