2023 MKD to KES Historical Review

YEARLY HIGH

2.8335 KES

YEARLY LOW

2.1044 KES

YEARLY AVERAGE

2.4563 KES

2023 MKD to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 2.8335. Conversely, the yearly low was recorded on January 8, dropping to 2.1044.

This high-to-low spread represents a total annual volatility of 0.7291 KES. From a start-to-finish perspective, comparing the January average rate of 2.1679 to the December average rate of 2.7397, the exchange rate registered a net change of 26.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.8335 was up 32.44% compared to the 2022 peak of 2.1395, 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 14,167 KES

2022 Average 10,078 KES

Yearly Trough Low 10,522 KES

Transaction Impact: A difference of 3,645.48 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7969

2.1107

JanuMarcMayJulySeptNove

MKD to KES 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 2.3122, compared to 2.6004 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2882 points.

H1 Avg (Jan–Jun) 2.3122

H2 Avg (Jul–Dec) 2.6004

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.1569 KES (High: 2.7262 / Low: 2.5693). On the other end, September was the most stable month, with a tight range of 0.0377 KES (High: 2.5579 / Low: 2.5202).

November Spread (Volatile) ±0.1569

September Spread (Stable) ±0.0377

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 August and September, when the average rate fell by 0.0004 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2.7397) against the same month in 2022 (average: 2.1143), the exchange rate shifted by +0.6254 (+29.58%).

2023 Avg (December) 2.7397

2022 Avg (December) 2.1143

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2043	2.1044	2.1679
February	2.2129	2.1701	2.1840
March	2.3426	2.1943	2.2519
April	2.4570	2.3370	2.3938
May	2.4426	2.3939	2.4209
June	2.5011	2.3851	2.4548
July	2.5896	2.4558	2.5391
August	2.5785	2.5064	2.5467
September	2.5579	2.5202	2.5464
October	2.5973	2.5255	2.5627
November	2.7262	2.5693	2.6679
December	2.8335	2.6800	2.7397