2023 MKD to KZT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MKD to KZT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MKD to KZT exchange rate experienced significant fluctuation. The market reached its absolute peak on October 23, valuing the pair at 8.2690. Conversely, the yearly low was recorded on March 5, dropping to 7.4228.
This high-to-low spread represents a total annual volatility of 0.8462 KZT. From a start-to-finish perspective, comparing the January average rate of 8.0898 to the December average rate of 8.1437, the exchange rate registered a net change of 0.67% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 8.2690 was down 11.87% compared to the 2022 peak of 9.3824, 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 KZT 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 7.9313, compared to 8.1009 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1696 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 0.7577 KZT (High: 8.1805 / Low: 7.4228). On the other end, December was the most stable month, with a tight range of 0.2090 KZT (High: 8.2331 / Low: 8.0241).
Growth Streaks & Declines
TrendsBetween May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.2405 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 8.1801) against the same month in 2022 (average: 7.5364), the exchange rate shifted by +0.6437 (+8.54%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.1852 | 7.9081 | 8.0898 |
| February | 8.1419 | 7.6409 | 7.8493 |
| March | 8.1805 | 7.4228 | 7.8429 |
| April | 8.1822 | 7.8537 | 8.0451 |
| May | 8.0552 | 7.7300 | 7.8713 |
| June | 8.0460 | 7.7356 | 7.8894 |
| July | 8.1163 | 7.8775 | 7.9919 |
| August | 8.2204 | 7.9097 | 8.0280 |
| September | 8.2566 | 8.0321 | 8.1295 |
| October | 8.2690 | 8.0587 | 8.1801 |
| November | 8.2316 | 7.9706 | 8.1324 |
| December | 8.2331 | 8.0241 | 8.1437 |