2023 MKD to KGS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MKD to KGS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MKD to KGS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 1.6073. Conversely, the yearly low was recorded on January 8, dropping to 1.4307.
This high-to-low spread represents a total annual volatility of 0.1766 KGS. From a start-to-finish perspective, comparing the January average rate of 1.4970 to the December average rate of 1.5809, the exchange rate registered a net change of 5.61% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 1.6073 was down 12.74% compared to the 2022 peak of 1.8421, 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 KGS 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 1.5280, compared to 1.5580 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0301 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 0.0965 KGS (High: 1.5272 / Low: 1.4307). On the other end, August was the most stable month, with a tight range of 0.0256 KGS (High: 1.5719 / Low: 1.5463).
Growth Streaks & Declines
TrendsBetween January and April, 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 August and September, when the average rate fell by 0.0243 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 1.5809) against the same month in 2022 (average: 1.4632), the exchange rate shifted by +0.1176 (+8.04%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.5272 | 1.4307 | 1.4970 |
| February | 1.5294 | 1.5010 | 1.5118 |
| March | 1.5471 | 1.4958 | 1.5192 |
| April | 1.5811 | 1.5376 | 1.5585 |
| May | 1.5713 | 1.5194 | 1.5434 |
| June | 1.5577 | 1.5170 | 1.5380 |
| July | 1.6043 | 1.5383 | 1.5751 |
| August | 1.5719 | 1.5463 | 1.5604 |
| September | 1.5492 | 1.5147 | 1.5362 |
| October | 1.5466 | 1.5097 | 1.5300 |
| November | 1.5867 | 1.5271 | 1.5656 |
| December | 1.6073 | 1.5610 | 1.5809 |