2023 MKD to MMK Historical Review

YEARLY HIGH

38.3424 MMK

YEARLY LOW

35.7541 MMK

YEARLY AVERAGE

36.8714 MMK

2023 MKD to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 38.3424. Conversely, the yearly low was recorded on October 3, dropping to 35.7541.

This high-to-low spread represents a total annual volatility of 2.5883 MMK. From a start-to-finish perspective, comparing the January average rate of 36.7286 to the December average rate of 37.2848, the exchange rate registered a net change of 1.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 38.3424 was up 5.28% compared to the 2022 peak of 36.4196, 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 191,712 MMK

2022 Average 164,561 MMK

Yearly Trough Low 178,770 MMK

Transaction Impact: A difference of 12,941.57 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

37.8256

35.8677

JanuMarcMayJulySeptNove

MKD to MMK 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 36.8359, compared to 36.9069 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0710 points.

H1 Avg (Jan–Jun) 36.8359

H2 Avg (Jul–Dec) 36.9069

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.6043 MMK (High: 37.4472 / Low: 35.8429). On the other end, October was the most stable month, with a tight range of 0.5940 MMK (High: 36.3481 / Low: 35.7541).

November Spread (Volatile) ±1.6043

October Spread (Stable) ±0.5940

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 0.7775 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.7775

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 37.6624) against the same month in 2022 (average: 30.6335), the exchange rate shifted by +7.0289 (+22.95%).

2023 Avg (July) 37.6624

2022 Avg (July) 30.6335

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	37.2513	35.7704	36.7286
February	37.2507	36.0526	36.5110
March	37.1693	35.9268	36.4413
April	37.7716	36.9787	37.3731
May	37.6938	36.4134	37.0366
June	37.4259	36.4065	36.9248
July	38.3424	37.0479	37.6624
August	37.5914	36.7880	37.2046
September	36.8730	35.8960	36.4271
October	36.3481	35.7541	36.0308
November	37.4472	35.8429	36.8315
December	38.0937	36.7521	37.2848