2023 MKD to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MKD to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MKD to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 26.3945. Conversely, the yearly low was recorded on October 3, dropping to 22.2954.
This high-to-low spread represents a total annual volatility of 4.0991 IQD. From a start-to-finish perspective, comparing the January average rate of 25.5294 to the December average rate of 23.2464, the exchange rate registered a net change of -8.94% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 26.3945 was down 2.90% compared to the 2022 peak of 27.1837, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MKD to IQD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 24.7329, compared to 23.0182 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.7147 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 3.3682 IQD (High: 26.0872 / Low: 22.7190). On the other end, October was the most stable month, with a tight range of 0.3825 IQD (High: 22.6779 / Low: 22.2954).
Growth Streaks & Declines
TrendsBetween 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 April and May, when the average rate fell by 2.5673 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2023: 25.8478) against the same month in 2022 (average: 25.6645), the exchange rate shifted by +0.1833 (+0.71%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 25.8941 | 24.8584 | 25.5294 |
| February | 25.8893 | 25.0544 | 25.3769 |
| March | 25.8555 | 24.9805 | 25.3311 |
| April | 26.3945 | 23.4578 | 25.8478 |
| May | 26.0872 | 22.7190 | 23.2805 |
| June | 23.3437 | 22.7103 | 23.0316 |
| July | 23.9150 | 23.0324 | 23.4971 |
| August | 23.5165 | 22.9428 | 23.2034 |
| September | 22.9909 | 22.3786 | 22.7203 |
| October | 22.6779 | 22.2954 | 22.4778 |
| November | 23.3563 | 22.3413 | 22.9641 |
| December | 23.6422 | 22.9087 | 23.2464 |