2023 MKD to MYR Historical Review

YEARLY HIGH

0.0836 MYR

YEARLY LOW

0.0742 MYR

YEARLY AVERAGE

0.0801 MYR

2023 MKD to MYR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to MYR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 0.0836. Conversely, the yearly low was recorded on February 6, dropping to 0.0742.

This high-to-low spread represents a total annual volatility of 0.0094 MYR. From a start-to-finish perspective, comparing the January average rate of 0.0757 to the December average rate of 0.0826, the exchange rate registered a net change of 9.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0836 was up 6.99% compared to the 2022 peak of 0.0781, 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 418 MYR

2022 Average 376 MYR

Yearly Trough Low 371 MYR

Transaction Impact: A difference of 46.79 MYR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0833

0.0750

JanuMarcMayJulySeptNove

MKD to MYR 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 0.0782, compared to 0.0820 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0038 points.

H1 Avg (Jan–Jun) 0.0782

H2 Avg (Jul–Dec) 0.0820

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0037 MYR (High: 0.0831 / Low: 0.0794). On the other end, September was the most stable month, with a tight range of 0.0013 MYR (High: 0.0817 / Low: 0.0804).

June Spread (Volatile) ±0.0037

September Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0008 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0826) against the same month in 2022 (average: 0.0758), the exchange rate shifted by +0.0068 (+8.94%).

2023 Avg (December) 0.0826

2022 Avg (December) 0.0758

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0771	0.0747	0.0757
February	0.0771	0.0742	0.0759
March	0.0785	0.0770	0.0777
April	0.0806	0.0776	0.0788
May	0.0810	0.0791	0.0797
June	0.0831	0.0794	0.0814
July	0.0833	0.0811	0.0825
August	0.0824	0.0808	0.0817
September	0.0817	0.0804	0.0812
October	0.0826	0.0804	0.0815
November	0.0834	0.0808	0.0824
December	0.0836	0.0816	0.0826