2023 MKD to GHS Historical Review

YEARLY HIGH

0.2223 GHS

YEARLY LOW

0.1446 GHS

YEARLY AVERAGE

0.2053 GHS

2023 MKD to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 0.2223. Conversely, the yearly low was recorded on January 1, dropping to 0.1446.

This high-to-low spread represents a total annual volatility of 0.0777 GHS. From a start-to-finish perspective, comparing the January average rate of 0.2004 to the December average rate of 0.2132, the exchange rate registered a net change of 6.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2223 was down 9.52% compared to the 2022 peak of 0.2457, 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 1,111 GHS

2022 Average 764 GHS

Yearly Trough Low 723 GHS

Transaction Impact: A difference of 388.30 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2188

0.1974

JanuMarcMayJulySeptNove

MKD to GHS 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 0.2059, compared to 0.2048 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.2059

H2 Avg (Jul–Dec) 0.2048

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0763 GHS (High: 0.2209 / Low: 0.1446). On the other end, September was the most stable month, with a tight range of 0.0029 GHS (High: 0.2006 / Low: 0.1978).

January Spread (Volatile) ±0.0763

September Spread (Stable) ±0.0029

Growth Streaks & Declines

Trends

Between September and December, 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 March and April, when the average rate fell by 0.0104 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0104

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.2170) against the same month in 2022 (average: 0.1198), the exchange rate shifted by +0.0973 (+81.22%).

2023 Avg (February) 0.2170

2022 Avg (February) 0.1198

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2209	0.1446	0.2004
February	0.2223	0.2118	0.2170
March	0.2214	0.2060	0.2143
April	0.2147	0.1904	0.2039
May	0.2127	0.1860	0.2006
June	0.2050	0.1932	0.1992
July	0.2114	0.2000	0.2049
August	0.2028	0.1981	0.1998
September	0.2006	0.1978	0.1993
October	0.2049	0.1976	0.2019
November	0.2140	0.2036	0.2097
December	0.2172	0.2099	0.2132