2023 MKD to GBP Historical Review

YEARLY HIGH

0.0147 GBP

YEARLY LOW

0.0136 GBP

YEARLY AVERAGE

0.0141 GBP

2023 MKD to GBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to GBP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 0.0147. Conversely, the yearly low was recorded on July 13, dropping to 0.0136.

This high-to-low spread represents a total annual volatility of 0.0011 GBP. From a start-to-finish perspective, comparing the January average rate of 0.0143 to the December average rate of 0.0140, the exchange rate registered a net change of -1.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0147 was down 0.25% compared to the 2022 peak of 0.0148, 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 74 GBP

2022 Average 69 GBP

Yearly Trough Low 68 GBP

Transaction Impact: A difference of 5.39 GBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0145

0.0139

JanuMarcMayJulySeptNove

MKD to GBP 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 0.0142, compared to 0.0140 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0142

H2 Avg (Jul–Dec) 0.0140

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0005 GBP (High: 0.0141 / Low: 0.0136). On the other end, October was the most stable month, with a tight range of 0.0002 GBP (High: 0.0142 / Low: 0.0140).

July Spread (Volatile) ±0.0005

October Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0002 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0144) against the same month in 2022 (average: 0.0136), the exchange rate shifted by +0.0008 (+6.00%).

2023 Avg (February) 0.0144

2022 Avg (February) 0.0136

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0145	0.0140	0.0143
February	0.0147	0.0143	0.0144
March	0.0146	0.0142	0.0143
April	0.0145	0.0142	0.0143
May	0.0143	0.0139	0.0141
June	0.0140	0.0138	0.0139
July	0.0141	0.0136	0.0139
August	0.0141	0.0138	0.0139
September	0.0142	0.0139	0.0140
October	0.0142	0.0140	0.0141
November	0.0142	0.0140	0.0141
December	0.0142	0.0139	0.0140