2023 MKD to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MKD to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MKD to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 24.1755. Conversely, the yearly low was recorded on January 8, dropping to 21.3361.
This high-to-low spread represents a total annual volatility of 2.8393 KRW. From a start-to-finish perspective, comparing the January average rate of 21.7294 to the December average rate of 23.0811, the exchange rate registered a net change of 6.22% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 24.1755 was up 4.41% compared to the 2022 peak of 23.1540, 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 KRW 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 22.7353, compared to 23.1451 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4098 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 1.1377 KRW (High: 23.3723 / Low: 22.2346). On the other end, October was the most stable month, with a tight range of 0.2573 KRW (High: 23.3413 / Low: 23.0840).
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 May and June, when the average rate fell by 0.6487 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2023: 23.5435) against the same month in 2022 (average: 21.7143), the exchange rate shifted by +1.8292 (+8.42%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 21.9947 | 21.3361 | 21.7294 |
| February | 22.6988 | 21.6096 | 22.2443 |
| March | 23.0983 | 22.3054 | 22.6798 |
| April | 24.1755 | 23.0749 | 23.5435 |
| May | 23.9915 | 22.9343 | 23.4317 |
| June | 23.3723 | 22.2346 | 22.7830 |
| July | 23.4036 | 22.6996 | 23.0714 |
| August | 23.7601 | 23.0463 | 23.4496 |
| September | 23.2834 | 22.9724 | 23.1422 |
| October | 23.3413 | 23.0840 | 23.1845 |
| November | 23.3510 | 22.6230 | 22.9420 |
| December | 23.3536 | 22.6571 | 23.0811 |