2023 MKD to NOK Historical Review

YEARLY HIGH

0.1951 NOK

YEARLY LOW

0.1696 NOK

YEARLY AVERAGE

0.1855 NOK

2023 MKD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 30, valuing the pair at 0.1951. Conversely, the yearly low was recorded on January 1, dropping to 0.1696.

This high-to-low spread represents a total annual volatility of 0.0255 NOK. From a start-to-finish perspective, comparing the January average rate of 0.1736 to the December average rate of 0.1865, the exchange rate registered a net change of 7.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1951 was up 13.07% compared to the 2022 peak of 0.1726, 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 976 NOK

2022 Average 820 NOK

Yearly Trough Low 848 NOK

Transaction Impact: A difference of 127.64 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1932

0.1718

JanuMarcMayJulySeptNove

MKD to NOK 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 0.1838, compared to 0.1872 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0034 points.

H1 Avg (Jan–Jun) 0.1838

H2 Avg (Jul–Dec) 0.1872

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0127 NOK (High: 0.1909 / Low: 0.1782). On the other end, September was the most stable month, with a tight range of 0.0044 NOK (High: 0.1879 / Low: 0.1836).

July Spread (Volatile) ±0.0127

September Spread (Stable) ±0.0044

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0052 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0052

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.1908) against the same month in 2022 (average: 0.1647), the exchange rate shifted by +0.0261 (+15.84%).

2023 Avg (May) 0.1908

2022 Avg (May) 0.1647

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1766	0.1696	0.1736
February	0.1812	0.1748	0.1781
March	0.1872	0.1787	0.1831
April	0.1929	0.1813	0.1872
May	0.1951	0.1870	0.1908
June	0.1926	0.1847	0.1898
July	0.1909	0.1782	0.1846
August	0.1886	0.1803	0.1856
September	0.1879	0.1836	0.1861
October	0.1925	0.1845	0.1889
November	0.1948	0.1891	0.1914
December	0.1924	0.1815	0.1865