2023 MKD to HNL Historical Review

YEARLY HIGH

0.4506 HNL

YEARLY LOW

0.4199 HNL

YEARLY AVERAGE

0.4332 HNL

2023 MKD to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 0.4506. Conversely, the yearly low was recorded on January 8, dropping to 0.4199.

This high-to-low spread represents a total annual volatility of 0.0306 HNL. From a start-to-finish perspective, comparing the January average rate of 0.4314 to the December average rate of 0.4383, the exchange rate registered a net change of 1.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4506 was down 1.68% compared to the 2022 peak of 0.4583, 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 2,253 HNL

2022 Average 2,104 HNL

Yearly Trough Low 2,100 HNL

Transaction Impact: A difference of 153.17 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4440

0.4223

JanuMarcMayJulySeptNove

MKD to HNL 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 0.4324, compared to 0.4340 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.4324

H2 Avg (Jul–Dec) 0.4340

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0201 HNL (High: 0.4416 / Low: 0.4215). On the other end, October was the most stable month, with a tight range of 0.0069 HNL (High: 0.4279 / Low: 0.4209).

November Spread (Volatile) ±0.0201

October Spread (Stable) ±0.0069

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 0.0064 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0064

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.4422) against the same month in 2022 (average: 0.4066), the exchange rate shifted by +0.0356 (+8.76%).

2023 Avg (July) 0.4422

2022 Avg (July) 0.4066

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4381	0.4199	0.4314
February	0.4373	0.4233	0.4286
March	0.4362	0.4222	0.4281
April	0.4421	0.4323	0.4380
May	0.4423	0.4272	0.4345
June	0.4401	0.4262	0.4340
July	0.4506	0.4329	0.4422
August	0.4402	0.4313	0.4362
September	0.4348	0.4234	0.4298
October	0.4279	0.4209	0.4241
November	0.4416	0.4215	0.4333
December	0.4461	0.4318	0.4383