2023 MKD to FJD Historical Review

YEARLY HIGH

0.0406 FJD

YEARLY LOW

0.0372 FJD

YEARLY AVERAGE

0.0392 FJD

2023 MKD to FJD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to FJD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 18, valuing the pair at 0.0406. Conversely, the yearly low was recorded on January 8, dropping to 0.0372.

This high-to-low spread represents a total annual volatility of 0.0033 FJD. From a start-to-finish perspective, comparing the January average rate of 0.0381 to the December average rate of 0.0393, the exchange rate registered a net change of 3.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0406 was up 1.86% compared to the 2022 peak of 0.0398, 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 203 FJD

2022 Average 187 FJD

Yearly Trough Low 186 FJD

Transaction Impact: A difference of 16.72 FJD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0402

0.0379

JanuMarcMayJulySeptNove

MKD to FJD 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 0.0388, compared to 0.0396 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.0388

H2 Avg (Jul–Dec) 0.0396

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0017 FJD (High: 0.0405 / Low: 0.0388). On the other end, December was the most stable month, with a tight range of 0.0006 FJD (High: 0.0396 / Low: 0.0389).

November Spread (Volatile) ±0.0017

December Spread (Stable) ±0.0006

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 0.0006 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0400) against the same month in 2022 (average: 0.0362), the exchange rate shifted by +0.0038 (+10.46%).

2023 Avg (August) 0.0400

2022 Avg (August) 0.0362

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0386	0.0372	0.0381
February	0.0386	0.0379	0.0381
March	0.0391	0.0381	0.0385
April	0.0402	0.0387	0.0394
May	0.0401	0.0388	0.0393
June	0.0401	0.0386	0.0391
July	0.0405	0.0391	0.0398
August	0.0406	0.0395	0.0400
September	0.0397	0.0389	0.0394
October	0.0396	0.0388	0.0392
November	0.0405	0.0388	0.0397
December	0.0396	0.0389	0.0393