2023 MKD to KHR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MKD to KHR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MKD to KHR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 75.3761. Conversely, the yearly low was recorded on March 8, dropping to 69.2725.
This high-to-low spread represents a total annual volatility of 6.1037 KHR. From a start-to-finish perspective, comparing the January average rate of 71.9594 to the December average rate of 72.9127, the exchange rate registered a net change of 1.32% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 75.3761 was down 0.54% compared to the 2022 peak of 75.7880, 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 KHR 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 71.8143, compared to 72.5202 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7060 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 3.4360 KHR (High: 72.9057 / Low: 69.4696). On the other end, August was the most stable month, with a tight range of 1.2918 KHR (High: 74.0276 / Low: 72.7358).
Growth Streaks & Declines
TrendsBetween March and May, 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 1.6772 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 74.0365) against the same month in 2022 (average: 67.5338), the exchange rate shifted by +6.5028 (+9.63%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 72.9609 | 70.1324 | 71.9594 |
| February | 72.9057 | 69.4696 | 71.0259 |
| March | 71.7566 | 69.2725 | 70.3625 |
| April | 73.8101 | 71.4255 | 72.4127 |
| May | 74.0060 | 71.4132 | 72.6140 |
| June | 73.4929 | 71.4435 | 72.5110 |
| July | 75.3761 | 72.6045 | 74.0365 |
| August | 74.0276 | 72.7358 | 73.3407 |
| September | 73.2601 | 70.3713 | 71.6635 |
| October | 71.5831 | 70.2751 | 70.9040 |
| November | 73.4365 | 70.4954 | 72.2638 |
| December | 74.1593 | 71.9935 | 72.9127 |