2023 MKD to PEN Historical Review

YEARLY HIGH

0.0690 PEN

YEARLY LOW

0.0636 PEN

YEARLY AVERAGE

0.0657 PEN

2023 MKD to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 0.0690. Conversely, the yearly low was recorded on June 9, dropping to 0.0636.

This high-to-low spread represents a total annual volatility of 0.0054 PEN. From a start-to-finish perspective, comparing the January average rate of 0.0669 to the December average rate of 0.0663, the exchange rate registered a net change of -0.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0690 was down 5.85% compared to the 2022 peak of 0.0733, 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 345 PEN

2022 Average 328 PEN

Yearly Trough Low 318 PEN

Transaction Impact: A difference of 27.18 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0672

0.0638

JanuMarcMayJulySeptNove

MKD to PEN 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 0.0659, compared to 0.0655 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0659

H2 Avg (Jul–Dec) 0.0655

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0043 PEN (High: 0.0690 / Low: 0.0647). On the other end, September was the most stable month, with a tight range of 0.0012 PEN (High: 0.0654 / Low: 0.0641).

January Spread (Volatile) ±0.0043

September Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0019 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0669) against the same month in 2022 (average: 0.0715), the exchange rate shifted by -0.0047 (-6.51%).

2023 Avg (January) 0.0669

2022 Avg (January) 0.0715

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0690	0.0647	0.0669
February	0.0680	0.0653	0.0667
March	0.0665	0.0648	0.0656
April	0.0678	0.0662	0.0669
May	0.0666	0.0637	0.0650
June	0.0650	0.0636	0.0641
July	0.0653	0.0639	0.0646
August	0.0660	0.0645	0.0654
September	0.0654	0.0641	0.0646
October	0.0671	0.0646	0.0659
November	0.0679	0.0652	0.0662
December	0.0675	0.0655	0.0663