2023 MKD to DZD Historical Review

YEARLY HIGH

2.4527 DZD

YEARLY LOW

2.3203 DZD

YEARLY AVERAGE

2.3876 DZD

2023 MKD to DZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to DZD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 2.4527. Conversely, the yearly low was recorded on November 2, dropping to 2.3203.

This high-to-low spread represents a total annual volatility of 0.1324 DZD. From a start-to-finish perspective, comparing the January average rate of 2.3854 to the December average rate of 2.3858, the exchange rate registered a net change of 0.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.4527 was down 6.31% compared to the 2022 peak of 2.6180, 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 12,264 DZD

2022 Average 12,156 DZD

Yearly Trough Low 11,601 DZD

Transaction Impact: A difference of 662.10 DZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.4338

2.3507

JanuMarcMayJulySeptNove

MKD to DZD 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 2.3878, compared to 2.3874 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 2.3878

H2 Avg (Jul–Dec) 2.3874

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0745 DZD (High: 2.3948 / Low: 2.3203). On the other end, August was the most stable month, with a tight range of 0.0310 DZD (High: 2.4278 / Low: 2.3968).

November Spread (Volatile) ±0.0745

August Spread (Stable) ±0.0310

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0314 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0314

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2.4269) against the same month in 2022 (average: 2.4244), the exchange rate shifted by +0.0024 (+0.10%).

2023 Avg (July) 2.4269

2022 Avg (July) 2.4244

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4061	2.3345	2.3854
February	2.3974	2.3425	2.3722
March	2.4012	2.3426	2.3655
April	2.4308	2.3917	2.4130
May	2.4307	2.3741	2.4007
June	2.4137	2.3650	2.3902
July	2.4527	2.3958	2.4269
August	2.4278	2.3968	2.4113
September	2.4002	2.3487	2.3799
October	2.3770	2.3371	2.3576
November	2.3948	2.3203	2.3630
December	2.4211	2.3496	2.3858