2023 MKD to PGK Historical Review

YEARLY HIGH

0.0678 PGK

YEARLY LOW

0.0600 PGK

YEARLY AVERAGE

0.0633 PGK

2023 MKD to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.0678. Conversely, the yearly low was recorded on January 8, dropping to 0.0600.

This high-to-low spread represents a total annual volatility of 0.0078 PGK. From a start-to-finish perspective, comparing the January average rate of 0.0616 to the December average rate of 0.0663, the exchange rate registered a net change of 7.68% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0678 was up 3.33% compared to the 2022 peak of 0.0657, 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 339 PGK

2022 Average 302 PGK

Yearly Trough Low 300 PGK

Transaction Impact: A difference of 39.20 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0669

0.0607

JanuMarcMayJulySeptNove

MKD to PGK 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 0.0620, compared to 0.0646 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 0.0620

H2 Avg (Jul–Dec) 0.0646

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0039 PGK (High: 0.0660 / Low: 0.0621). On the other end, May was the most stable month, with a tight range of 0.0018 PGK (High: 0.0632 / Low: 0.0614).

July Spread (Volatile) ±0.0039

May Spread (Stable) ±0.0018

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 August and September, when the average rate fell by 0.0009 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0663) against the same month in 2022 (average: 0.0606), the exchange rate shifted by +0.0058 (+9.49%).

2023 Avg (December) 0.0663

2022 Avg (December) 0.0606

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0625	0.0600	0.0616
February	0.0625	0.0605	0.0613
March	0.0624	0.0603	0.0612
April	0.0639	0.0620	0.0628
May	0.0632	0.0614	0.0623
June	0.0637	0.0610	0.0625
July	0.0660	0.0621	0.0641
August	0.0649	0.0622	0.0641
September	0.0643	0.0621	0.0632
October	0.0648	0.0624	0.0636
November	0.0672	0.0635	0.0659
December	0.0678	0.0652	0.0663