2023 MKD to ISK Historical Review

YEARLY HIGH

2.5521 ISK

YEARLY LOW

2.2908 ISK

YEARLY AVERAGE

2.4219 ISK

2023 MKD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 2.5521. Conversely, the yearly low was recorded on August 29, dropping to 2.2908.

This high-to-low spread represents a total annual volatility of 0.2612 ISK. From a start-to-finish perspective, comparing the January average rate of 2.4991 to the December average rate of 2.4447, the exchange rate registered a net change of -2.18% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.5521 was up 3.12% compared to the 2022 peak of 2.4748, 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 12,760 ISK

2022 Average 11,550 ISK

Yearly Trough Low 11,454 ISK

Transaction Impact: A difference of 1,306.08 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.5155

2.3193

JanuMarcMayJulySeptNove

MKD to ISK 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 2.4527, compared to 2.3910 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0616 points.

H1 Avg (Jan–Jun) 2.4527

H2 Avg (Jul–Dec) 2.3910

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.1257 ISK (High: 2.5109 / Low: 2.3851). On the other end, December was the most stable month, with a tight range of 0.0198 ISK (High: 2.4566 / Low: 2.4368).

November Spread (Volatile) ±0.1257

December Spread (Stable) ±0.0198

Growth Streaks & Declines

Trends

Between August and November, 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 February and March, when the average rate fell by 0.0557 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0557

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.4991) against the same month in 2022 (average: 2.3696), the exchange rate shifted by +0.1296 (+5.47%).

2023 Avg (January) 2.4991

2022 Avg (January) 2.3696

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5521	2.4537	2.4991
February	2.5225	2.4527	2.4870
March	2.4592	2.4033	2.4313
April	2.4563	2.4120	2.4316
May	2.4631	2.4237	2.4428
June	2.4559	2.3836	2.4241
July	2.4264	2.3445	2.3823
August	2.3590	2.2908	2.3357
September	2.3713	2.3155	2.3477
October	2.3983	2.3552	2.3797
November	2.5109	2.3851	2.4560
December	2.4566	2.4368	2.4447