2023 MKD to MUR Historical Review

YEARLY HIGH

0.8348 MUR

YEARLY LOW

0.7445 MUR

YEARLY AVERAGE

0.7923 MUR

2023 MKD to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 22, valuing the pair at 0.8348. Conversely, the yearly low was recorded on January 8, dropping to 0.7445.

This high-to-low spread represents a total annual volatility of 0.0902 MUR. From a start-to-finish perspective, comparing the January average rate of 0.7718 to the December average rate of 0.7830, the exchange rate registered a net change of 1.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8348 was up 2.48% compared to the 2022 peak of 0.8146, 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 4,174 MUR

2022 Average 3,783 MUR

Yearly Trough Low 3,723 MUR

Transaction Impact: A difference of 451.17 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8240

0.7553

JanuMarcMayJulySeptNove

MKD to MUR 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 0.7970, compared to 0.7875 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0095 points.

H1 Avg (Jan–Jun) 0.7970

H2 Avg (Jul–Dec) 0.7875

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0582 MUR (High: 0.8179 / Low: 0.7597). On the other end, October was the most stable month, with a tight range of 0.0125 MUR (High: 0.7682 / Low: 0.7557).

September Spread (Volatile) ±0.0582

October Spread (Stable) ±0.0125

Growth Streaks & Declines

Trends

Between January and March, 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 0.0254 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0254

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.8183) against the same month in 2022 (average: 0.7499), the exchange rate shifted by +0.0683 (+9.11%).

2023 Avg (July) 0.8183

2022 Avg (July) 0.7499

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7980	0.7445	0.7718
February	0.8063	0.7814	0.7948
March	0.8211	0.7967	0.8073
April	0.8121	0.7976	0.8042
May	0.8142	0.7916	0.8015
June	0.8183	0.7887	0.8026
July	0.8348	0.8026	0.8183
August	0.8159	0.7979	0.8059
September	0.8179	0.7597	0.7805
October	0.7682	0.7557	0.7611
November	0.7918	0.7566	0.7765
December	0.8047	0.7708	0.7830