2023 MKD to MXN Historical Review

YEARLY HIGH

0.3378 MXN

YEARLY LOW

0.2937 MXN

YEARLY AVERAGE

0.3115 MXN

2023 MKD to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.3378. Conversely, the yearly low was recorded on August 27, dropping to 0.2937.

This high-to-low spread represents a total annual volatility of 0.0441 MXN. From a start-to-finish perspective, comparing the January average rate of 0.3316 to the December average rate of 0.3044, the exchange rate registered a net change of -8.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3378 was down 12.16% compared to the 2022 peak of 0.3846, 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 1,689 MXN

2022 Average 1,720 MXN

Yearly Trough Low 1,468 MXN

Transaction Impact: A difference of 220.73 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3348

0.2970

JanuMarcMayJulySeptNove

MKD to MXN 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 0.3188, compared to 0.3042 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0146 points.

H1 Avg (Jan–Jun) 0.3188

H2 Avg (Jul–Dec) 0.3042

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0234 MXN (High: 0.3309 / Low: 0.3076). On the other end, December was the most stable month, with a tight range of 0.0050 MXN (High: 0.3072 / Low: 0.3022).

March Spread (Volatile) ±0.0234

December Spread (Stable) ±0.0050

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0095 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0095

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3316) against the same month in 2022 (average: 0.3766), the exchange rate shifted by -0.0450 (-11.94%).

2023 Avg (January) 0.3316

2022 Avg (January) 0.3766

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3378	0.3255	0.3316
February	0.3365	0.3143	0.3233
March	0.3309	0.3076	0.3199
April	0.3264	0.3185	0.3219
May	0.3226	0.3059	0.3128
June	0.3061	0.3010	0.3033
July	0.3091	0.2986	0.3038
August	0.3081	0.2937	0.3010
September	0.3067	0.2954	0.3001
October	0.3152	0.2996	0.3106
November	0.3081	0.2999	0.3051
December	0.3072	0.3022	0.3044