2023 MKD to MVR Historical Review

YEARLY HIGH

0.2813 MVR

YEARLY LOW

0.2615 MVR

YEARLY AVERAGE

0.2700 MVR

2023 MKD to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 0.2813. Conversely, the yearly low was recorded on October 2, dropping to 0.2615.

This high-to-low spread represents a total annual volatility of 0.0198 MVR. From a start-to-finish perspective, comparing the January average rate of 0.2691 to the December average rate of 0.2727, the exchange rate registered a net change of 1.34% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2813 was down 2.20% compared to the 2022 peak of 0.2877, 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 1,407 MVR

2022 Average 1,319 MVR

Yearly Trough Low 1,307 MVR

Transaction Impact: A difference of 99.14 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2773

0.2630

JanuMarcMayJulySeptNove

MKD to MVR 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 0.2696, compared to 0.2704 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.2696

H2 Avg (Jul–Dec) 0.2704

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0119 MVR (High: 0.2749 / Low: 0.2629). On the other end, August was the most stable month, with a tight range of 0.0049 MVR (High: 0.2747 / Low: 0.2698).

November Spread (Volatile) ±0.0119

August Spread (Stable) ±0.0049

Growth Streaks & Declines

Trends

Between 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 August and September, when the average rate fell by 0.0049 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0049

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.2761) against the same month in 2022 (average: 0.2549), the exchange rate shifted by +0.0212 (+8.31%).

2023 Avg (July) 0.2761

2022 Avg (July) 0.2549

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2727	0.2622	0.2691
February	0.2723	0.2637	0.2669
March	0.2725	0.2628	0.2672
April	0.2775	0.2700	0.2736
May	0.2756	0.2654	0.2708
June	0.2735	0.2654	0.2698
July	0.2813	0.2701	0.2761
August	0.2747	0.2698	0.2723
September	0.2703	0.2639	0.2675
October	0.2667	0.2615	0.2642
November	0.2749	0.2629	0.2698
December	0.2779	0.2683	0.2727