2023 MKD to IDR Historical Review

YEARLY HIGH

279.0285 IDR

YEARLY LOW

258.2526 IDR

YEARLY AVERAGE

267.6722 IDR

2023 MKD to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 279.0285. Conversely, the yearly low was recorded on June 6, dropping to 258.2526.

This high-to-low spread represents a total annual volatility of 20.7759 IDR. From a start-to-finish perspective, comparing the January average rate of 266.5443 to the December average rate of 274.6010, the exchange rate registered a net change of 3.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 279.0285 was up 2.30% compared to the 2022 peak of 272.7621, 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 1,395,143 IDR

2022 Average 1,268,896 IDR

Yearly Trough Low 1,291,263 IDR

Transaction Impact: A difference of 103,879.55 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

275.8674

260.6709

JanuMarcMayJulySeptNove

MKD to IDR 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 264.2889, compared to 271.0555 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.7666 points.

H1 Avg (Jan–Jun) 264.2889

H2 Avg (Jul–Dec) 271.0555

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 10.6184 IDR (High: 275.3870 / Low: 264.7686). On the other end, September was the most stable month, with a tight range of 2.7663 IDR (High: 268.2506 / Low: 265.4843).

October Spread (Volatile) ±10.6184

September Spread (Stable) ±2.7663

Growth Streaks & Declines

Trends

Between May and August, 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 August and September, when the average rate fell by 3.7160 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -3.7160

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 274.6010) against the same month in 2022 (average: 267.5519), the exchange rate shifted by +7.0492 (+2.63%).

2023 Avg (December) 274.6010

2022 Avg (December) 267.5519

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	271.9370	264.2049	266.5443
February	267.7687	261.8255	263.6266
March	268.9811	262.9571	265.8272
April	268.0832	262.5592	264.9325
May	263.6946	260.0547	261.9373
June	267.0408	258.2526	262.8653
July	273.8964	265.3224	270.3949
August	273.2723	266.3633	270.4684
September	268.2506	265.4843	266.7524
October	275.3870	264.7686	270.6007
November	278.0988	271.0211	273.5153
December	279.0285	269.1459	274.6010