2023 MKD to JPY Historical Review

YEARLY HIGH

2.6626 JPY

YEARLY LOW

2.2430 JPY

YEARLY AVERAGE

2.4675 JPY

2023 MKD to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 15, valuing the pair at 2.6626. Conversely, the yearly low was recorded on January 8, dropping to 2.2430.

This high-to-low spread represents a total annual volatility of 0.4196 JPY. From a start-to-finish perspective, comparing the January average rate of 2.2765 to the December average rate of 2.5479, the exchange rate registered a net change of 11.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.6626 was up 11.04% compared to the 2022 peak of 2.3979, 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 13,313 JPY

2022 Average 11,203 JPY

Yearly Trough Low 11,215 JPY

Transaction Impact: A difference of 2,097.98 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.6657

2.2411

JanuMarcMayJulySeptNove

MKD to JPY 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 2.3666, compared to 2.5684 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2018 points.

H1 Avg (Jan–Jun) 2.3666

H2 Avg (Jul–Dec) 2.5684

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1571 JPY (High: 2.5635 / Low: 2.4063). On the other end, September was the most stable month, with a tight range of 0.0232 JPY (High: 2.5749 / Low: 2.5517).

June Spread (Volatile) ±0.1571

September Spread (Stable) ±0.0232

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0825 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0825

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 2.6304) against the same month in 2022 (average: 2.3501), the exchange rate shifted by +0.2802 (+11.92%).

2023 Avg (November) 2.6304

2022 Avg (November) 2.3501

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3066	2.2430	2.2765
February	2.3470	2.2737	2.3153
March	2.3767	2.2764	2.3214
April	2.4643	2.3179	2.3795
May	2.4564	2.3825	2.4212
June	2.5635	2.4063	2.4857
July	2.5789	2.4732	2.5345
August	2.5913	2.5205	2.5653
September	2.5749	2.5517	2.5644
October	2.6027	2.5388	2.5679
November	2.6626	2.5730	2.6304
December	2.5960	2.5021	2.5479