2023 MKD to NPR Historical Review

YEARLY HIGH

2.4145 NPR

YEARLY LOW

2.2462 NPR

YEARLY AVERAGE

2.3199 NPR

2023 MKD to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 2.4145. Conversely, the yearly low was recorded on March 8, dropping to 2.2462.

This high-to-low spread represents a total annual volatility of 0.1683 NPR. From a start-to-finish perspective, comparing the January average rate of 2.2896 to the December average rate of 2.3645, the exchange rate registered a net change of 3.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.4145 was up 5.42% compared to the 2022 peak of 2.2903, 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 12,072 NPR

2022 Average 10,739 NPR

Yearly Trough Low 11,231 NPR

Transaction Impact: A difference of 841.72 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.3725

2.2763

JanuMarcMayJulySeptNove

MKD to NPR 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 2.3071, compared to 2.3327 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0257 points.

H1 Avg (Jan–Jun) 2.3071

H2 Avg (Jul–Dec) 2.3327

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.1046 NPR (High: 2.3779 / Low: 2.2732). On the other end, October was the most stable month, with a tight range of 0.0367 NPR (High: 2.3034 / Low: 2.2667).

November Spread (Volatile) ±0.1046

October Spread (Stable) ±0.0367

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 0.0431 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0431

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2.3645) against the same month in 2022 (average: 2.2671), the exchange rate shifted by +0.0974 (+4.29%).

2023 Avg (December) 2.3645

2022 Avg (December) 2.2671

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3166	2.2513	2.2896
February	2.3271	2.2705	2.2972
March	2.3264	2.2462	2.2859
April	2.3602	2.3034	2.3343
May	2.3496	2.2946	2.3229
June	2.3387	2.2835	2.3125
July	2.3966	2.3150	2.3586
August	2.3664	2.3182	2.3474
September	2.3240	2.2757	2.3043
October	2.3034	2.2667	2.2843
November	2.3779	2.2732	2.3374
December	2.4145	2.3329	2.3645