2023 MKD to EGP Historical Review

YEARLY HIGH

0.5643 EGP

YEARLY LOW

0.4234 EGP

YEARLY AVERAGE

0.5385 EGP

2023 MKD to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 0.5643. Conversely, the yearly low was recorded on January 3, dropping to 0.4234.

This high-to-low spread represents a total annual volatility of 0.1409 EGP. From a start-to-finish perspective, comparing the January average rate of 0.5009 to the December average rate of 0.5480, the exchange rate registered a net change of 9.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5643 was up 31.73% compared to the 2022 peak of 0.4283, 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 2,821 EGP

2022 Average 1,638 EGP

Yearly Trough Low 2,117 EGP

Transaction Impact: A difference of 704.32 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5598

0.4955

JanuMarcMayJulySeptNove

MKD to EGP 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 0.5338, compared to 0.5431 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0093 points.

H1 Avg (Jan–Jun) 0.5338

H2 Avg (Jul–Dec) 0.5431

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1087 EGP (High: 0.5321 / Low: 0.4234). On the other end, October was the most stable month, with a tight range of 0.0089 EGP (High: 0.5350 / Low: 0.5260).

January Spread (Volatile) ±0.1087

October Spread (Stable) ±0.0089

Growth Streaks & Declines

Trends

Between January and April, 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 August and September, when the average rate fell by 0.0114 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0114

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.5544) against the same month in 2022 (average: 0.3127), the exchange rate shifted by +0.2418 (+77.34%).

2023 Avg (July) 0.5544

2022 Avg (July) 0.3127

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5321	0.4234	0.5009
February	0.5361	0.5252	0.5297
March	0.5468	0.5282	0.5354
April	0.5588	0.5431	0.5495
May	0.5558	0.5359	0.5442
June	0.5506	0.5353	0.5434
July	0.5643	0.5448	0.5544
August	0.5539	0.5423	0.5475
September	0.5422	0.5276	0.5361
October	0.5350	0.5260	0.5303
November	0.5516	0.5282	0.5424
December	0.5580	0.5405	0.5480