2023 MKD to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MKD to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MKD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 82.8371. Conversely, the yearly low was recorded on February 28, dropping to 73.5906.
This high-to-low spread represents a total annual volatility of 9.2465 MGA. From a start-to-finish perspective, comparing the January average rate of 76.9166 to the December average rate of 81.2762, the exchange rate registered a net change of 5.67% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 82.8371 was up 6.74% compared to the 2022 peak of 77.6095, 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 MGA 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 76.8177, compared to 79.5152 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.6974 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 4.7089 MGA (High: 79.7525 / Low: 75.0436). On the other end, October was the most stable month, with a tight range of 1.4751 MGA (High: 78.4687 / Low: 76.9936).
Growth Streaks & Declines
TrendsBetween 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 January and February, when the average rate fell by 2.1981 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 81.2762) against the same month in 2022 (average: 75.9726), the exchange rate shifted by +5.3036 (+6.98%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 79.7525 | 75.0436 | 76.9166 |
| February | 75.8605 | 73.5906 | 74.7184 |
| March | 76.8958 | 73.8160 | 74.9031 |
| April | 79.1682 | 76.4624 | 77.9898 |
| May | 79.0883 | 76.5523 | 77.6619 |
| June | 80.7211 | 76.2346 | 78.7165 |
| July | 82.3367 | 79.5335 | 80.8053 |
| August | 80.5559 | 78.8890 | 79.7536 |
| September | 79.2351 | 77.5381 | 78.2415 |
| October | 78.4687 | 76.9936 | 77.7440 |
| November | 80.8195 | 77.3072 | 79.2704 |
| December | 82.8371 | 79.5573 | 81.2762 |