2023 MKD to MOP Historical Review

YEARLY HIGH

0.1469 MOP

YEARLY LOW

0.1370 MOP

YEARLY AVERAGE

0.1416 MOP

2023 MKD to MOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 0.1469. Conversely, the yearly low was recorded on January 8, dropping to 0.1370.

This high-to-low spread represents a total annual volatility of 0.0099 MOP. From a start-to-finish perspective, comparing the January average rate of 0.1409 to the December average rate of 0.1428, the exchange rate registered a net change of 1.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1469 was down 1.66% compared to the 2022 peak of 0.1494, 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 735 MOP

2022 Average 690 MOP

Yearly Trough Low 685 MOP

Transaction Impact: A difference of 49.35 MOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1450

0.1377

JanuMarcMayJulySeptNove

MKD to MOP 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 0.1416, compared to 0.1415 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.1416

H2 Avg (Jul–Dec) 0.1415

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0061 MOP (High: 0.1431 / Low: 0.1370). On the other end, October was the most stable month, with a tight range of 0.0022 MOP (High: 0.1395 / Low: 0.1373).

January Spread (Volatile) ±0.0061

October Spread (Stable) ±0.0022

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 0.0029 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.1444) against the same month in 2022 (average: 0.1338), the exchange rate shifted by +0.0107 (+7.96%).

2023 Avg (July) 0.1444

2022 Avg (July) 0.1338

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1431	0.1370	0.1409
February	0.1433	0.1388	0.1405
March	0.1431	0.1383	0.1403
April	0.1454	0.1424	0.1439
May	0.1451	0.1399	0.1424
June	0.1438	0.1399	0.1419
July	0.1469	0.1424	0.1444
August	0.1440	0.1416	0.1428
September	0.1418	0.1377	0.1399
October	0.1395	0.1373	0.1383
November	0.1432	0.1376	0.1410
December	0.1460	0.1406	0.1428