2023 MKD to IRR Historical Review

YEARLY HIGH

771.7769 IRR

YEARLY LOW

712.1972 IRR

YEARLY AVERAGE

741.6099 IRR

2023 MKD to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 771.7769. Conversely, the yearly low was recorded on January 8, dropping to 712.1972.

This high-to-low spread represents a total annual volatility of 59.5797 IRR. From a start-to-finish perspective, comparing the January average rate of 733.4475 to the December average rate of 748.9947, the exchange rate registered a net change of 2.12% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 771.7769 was down 2.04% compared to the 2022 peak of 787.8671, 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 3,858,884 IRR

2022 Average 3,615,174 IRR

Yearly Trough Low 3,560,986 IRR

Transaction Impact: A difference of 297,898.41 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

761.8296

722.1155

JanuMarcMayJulySeptNove

MKD to IRR 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 740.3736, compared to 742.8462 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.4726 points.

H1 Avg (Jan–Jun) 740.3736

H2 Avg (Jul–Dec) 742.8462

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 36.4249 IRR (High: 748.6222 / Low: 712.1972). On the other end, October was the most stable month, with a tight range of 12.7668 IRR (High: 731.5700 / Low: 718.8032).

January Spread (Volatile) ±36.4249

October Spread (Stable) ±12.7668

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 15.9838 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -15.9838

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 758.5201) against the same month in 2022 (average: 700.7794), the exchange rate shifted by +57.7407 (+8.24%).

2023 Avg (July) 758.5201

2022 Avg (July) 700.7794

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	748.6222	712.1972	733.4475
February	748.5766	721.8790	733.9246
March	747.7033	722.9121	732.7240
April	763.2910	743.5426	752.8352
May	758.9915	733.7779	745.8664
June	752.8310	733.6372	743.4436
July	771.7769	745.3224	758.5201
August	757.2163	740.3093	749.0591
September	741.5986	721.2126	733.0752
October	731.5700	718.8032	725.4250
November	754.1539	721.8992	742.0030
December	758.3094	738.8229	748.9947