2023 MKD to KPW Historical Review

YEARLY HIGH

16.4318 KPW

YEARLY LOW

15.3161 KPW

YEARLY AVERAGE

15.8090 KPW

2023 MKD to KPW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to KPW exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 16.4318. Conversely, the yearly low was recorded on January 8, dropping to 15.3161.

This high-to-low spread represents a total annual volatility of 1.1158 KPW. From a start-to-finish perspective, comparing the January average rate of 15.7406 to the December average rate of 15.9626, the exchange rate registered a net change of 1.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 16.4318 was down 1.94% compared to the 2022 peak of 16.7572, 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 82,159 KPW

2022 Average 76,980 KPW

Yearly Trough Low 76,580 KPW

Transaction Impact: A difference of 5,578.80 KPW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

16.2310

15.3821

JanuMarcMayJulySeptNove

MKD to KPW 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 15.7947, compared to 15.8232 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0285 points.

H1 Avg (Jan–Jun) 15.7947

H2 Avg (Jul–Dec) 15.8232

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.6732 KPW (High: 16.0601 / Low: 15.3868). On the other end, October was the most stable month, with a tight range of 0.2674 KPW (High: 15.5837 / Low: 15.3163).

November Spread (Volatile) ±0.6732

October Spread (Stable) ±0.2674

Growth Streaks & Declines

Trends

Between October and December, 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 0.3302 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3302

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 16.1602) against the same month in 2022 (average: 14.8943), the exchange rate shifted by +1.2659 (+8.50%).

2023 Avg (July) 16.1602

2022 Avg (July) 14.8943

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.9659	15.3161	15.7406
February	15.9649	15.4530	15.6456
March	15.9274	15.3993	15.6407
April	16.2595	15.8294	16.0336
May	16.1583	15.6123	15.8802
June	16.0353	15.6093	15.8276
July	16.4318	15.8767	16.1602
August	16.1062	15.7699	15.9452
September	15.7974	15.3677	15.6149
October	15.5837	15.3163	15.4528
November	16.0601	15.3868	15.8038
December	16.2427	15.7289	15.9626