2023 MKD to KWD Historical Review

YEARLY HIGH

0.0056 KWD

YEARLY LOW

0.0052 KWD

YEARLY AVERAGE

0.0054 KWD

2023 MKD to KWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to KWD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 0.0056. Conversely, the yearly low was recorded on January 8, dropping to 0.0052.

This high-to-low spread represents a total annual volatility of 0.0004 KWD. From a start-to-finish perspective, comparing the January average rate of 0.0053 to the December average rate of 0.0055, the exchange rate registered a net change of 2.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0056 was down 0.64% compared to the 2022 peak of 0.0056, 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 28 KWD

2022 Average 26 KWD

Yearly Trough Low 26 KWD

Transaction Impact: A difference of 1.93 KWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0055

0.0053

JanuMarcMayJulySeptNove

MKD to KWD 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 0.0054, compared to 0.0054 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0054

H2 Avg (Jul–Dec) 0.0054

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0002 KWD (High: 0.0055 / Low: 0.0053). On the other end, October was the most stable month, with a tight range of 0.0001 KWD (High: 0.0054 / Low: 0.0053).

November Spread (Volatile) ±0.0002

October Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between February and April, 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 0.0001 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0055) against the same month in 2022 (average: 0.0051), the exchange rate shifted by +0.0004 (+8.25%).

2023 Avg (July) 0.0055

2022 Avg (July) 0.0051

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0054	0.0052	0.0053
February	0.0054	0.0053	0.0053
March	0.0054	0.0053	0.0053
April	0.0055	0.0054	0.0055
May	0.0055	0.0053	0.0054
June	0.0055	0.0053	0.0054
July	0.0056	0.0054	0.0055
August	0.0055	0.0054	0.0055
September	0.0054	0.0053	0.0054
October	0.0054	0.0053	0.0053
November	0.0055	0.0053	0.0054
December	0.0055	0.0054	0.0055