2023 MKD to NIO Historical Review

YEARLY HIGH

0.6673 NIO

YEARLY LOW

0.6208 NIO

YEARLY AVERAGE

0.6421 NIO

2023 MKD to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 0.6673. Conversely, the yearly low was recorded on January 8, dropping to 0.6208.

This high-to-low spread represents a total annual volatility of 0.0466 NIO. From a start-to-finish perspective, comparing the January average rate of 0.6380 to the December average rate of 0.6504, the exchange rate registered a net change of 1.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6673 was down 0.06% compared to the 2022 peak of 0.6677, 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 3,337 NIO

2022 Average 3,067 NIO

Yearly Trough Low 3,104 NIO

Transaction Impact: A difference of 232.81 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6588

0.6253

JanuMarcMayJulySeptNove

MKD to NIO 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 0.6408, compared to 0.6433 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.6408

H2 Avg (Jul–Dec) 0.6433

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0297 NIO (High: 0.6544 / Low: 0.6247). On the other end, October was the most stable month, with a tight range of 0.0106 NIO (High: 0.6337 / Low: 0.6231).

November Spread (Volatile) ±0.0297

October Spread (Stable) ±0.0106

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 0.0135 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0135

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.6560) against the same month in 2022 (average: 0.5931), the exchange rate shifted by +0.0629 (+10.61%).

2023 Avg (July) 0.6560

2022 Avg (July) 0.5931

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6476	0.6208	0.6380
February	0.6481	0.6250	0.6344
March	0.6473	0.6257	0.6343
April	0.6576	0.6436	0.6506
May	0.6564	0.6342	0.6448
June	0.6515	0.6339	0.6429
July	0.6673	0.6452	0.6560
August	0.6549	0.6410	0.6482
September	0.6424	0.6248	0.6346
October	0.6337	0.6231	0.6281
November	0.6544	0.6247	0.6426
December	0.6620	0.6404	0.6504