2023 MKD to GNF Historical Review

YEARLY HIGH

157.3610 GNF

YEARLY LOW

146.5286 GNF

YEARLY AVERAGE

151.3891 GNF

2023 MKD to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 157.3610. Conversely, the yearly low was recorded on October 14, dropping to 146.5286.

This high-to-low spread represents a total annual volatility of 10.8324 GNF. From a start-to-finish perspective, comparing the January average rate of 151.5695 to the December average rate of 152.5671, the exchange rate registered a net change of 0.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 157.3610 was down 8.48% compared to the 2022 peak of 171.9453, 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 786,805 GNF

2022 Average 753,823 GNF

Yearly Trough Low 732,643 GNF

Transaction Impact: A difference of 54,161.92 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

155.2335

146.9823

JanuMarcMayJulySeptNove

MKD to GNF 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 151.5048, compared to 151.2733 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2315 points.

H1 Avg (Jan–Jun) 151.5048

H2 Avg (Jul–Dec) 151.2733

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 7.6985 GNF (High: 155.5050 / Low: 147.8065). On the other end, October was the most stable month, with a tight range of 2.5986 GNF (High: 149.1273 / Low: 146.5286).

January Spread (Volatile) ±7.6985

October Spread (Stable) ±2.5986

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 3.2720 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -3.2720

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 154.5459) against the same month in 2022 (average: 143.7052), the exchange rate shifted by +10.8407 (+7.54%).

2023 Avg (July) 154.5459

2022 Avg (July) 143.7052

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	155.5050	147.8065	151.5695
February	153.7624	147.7856	150.2887
March	152.9313	147.9488	150.0911
April	154.7246	151.6037	153.2119
May	154.8783	149.3719	152.1788
June	153.8356	149.0218	151.6888
July	157.3610	151.6906	154.5459
August	154.7267	150.4468	152.5612
September	150.7747	147.1397	149.2892
October	149.1273	146.5286	147.6699
November	153.3203	146.6003	151.0066
December	155.3735	150.4004	152.5671