2023 MKD to HKD Historical Review

YEARLY HIGH

0.1427 HKD

YEARLY LOW

0.1329 HKD

YEARLY AVERAGE

0.1375 HKD

2023 MKD to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 0.1427. Conversely, the yearly low was recorded on January 8, dropping to 0.1329.

This high-to-low spread represents a total annual volatility of 0.0098 HKD. From a start-to-finish perspective, comparing the January average rate of 0.1368 to the December average rate of 0.1385, the exchange rate registered a net change of 1.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1427 was down 1.61% compared to the 2022 peak of 0.1450, 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 713 HKD

2022 Average 670 HKD

Yearly Trough Low 664 HKD

Transaction Impact: A difference of 49.04 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1410

0.1338

JanuMarcMayJulySeptNove

MKD to HKD 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 0.1376, compared to 0.1375 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.1376

H2 Avg (Jul–Dec) 0.1375

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0060 HKD (High: 0.1389 / Low: 0.1329). On the other end, October was the most stable month, with a tight range of 0.0022 HKD (High: 0.1355 / Low: 0.1333).

January Spread (Volatile) ±0.0060

October Spread (Stable) ±0.0022

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 0.0028 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.1404) against the same month in 2022 (average: 0.1299), the exchange rate shifted by +0.0105 (+8.06%).

2023 Avg (July) 0.1404

2022 Avg (July) 0.1299

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1389	0.1329	0.1368
February	0.1392	0.1348	0.1364
March	0.1389	0.1343	0.1364
April	0.1418	0.1381	0.1398
May	0.1409	0.1359	0.1383
June	0.1396	0.1358	0.1377
July	0.1427	0.1382	0.1404
August	0.1398	0.1375	0.1387
September	0.1377	0.1336	0.1359
October	0.1355	0.1333	0.1344
November	0.1391	0.1337	0.1371
December	0.1410	0.1365	0.1385