2023 MKD to PLN Historical Review

YEARLY HIGH

0.0778 PLN

YEARLY LOW

0.0692 PLN

YEARLY AVERAGE

0.0737 PLN

2023 MKD to PLN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to PLN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 10, valuing the pair at 0.0778. Conversely, the yearly low was recorded on December 13, dropping to 0.0692.

This high-to-low spread represents a total annual volatility of 0.0086 PLN. From a start-to-finish perspective, comparing the January average rate of 0.0758 to the December average rate of 0.0703, the exchange rate registered a net change of -7.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0778 was down 3.65% compared to the 2022 peak of 0.0808, 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 389 PLN

2022 Average 380 PLN

Yearly Trough Low 346 PLN

Transaction Impact: A difference of 42.97 PLN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0777

0.0697

JanuMarcMayJulySeptNove

MKD to PLN 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 0.0751, compared to 0.0724 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0027 points.

H1 Avg (Jan–Jun) 0.0751

H2 Avg (Jul–Dec) 0.0724

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0042 PLN (High: 0.0769 / Low: 0.0728). On the other end, August was the most stable month, with a tight range of 0.0012 PLN (High: 0.0728 / Low: 0.0716).

January Spread (Volatile) ±0.0042

August Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between July and September, 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 October and November, when the average rate fell by 0.0019 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0771) against the same month in 2022 (average: 0.0740), the exchange rate shifted by +0.0030 (+4.10%).

2023 Avg (February) 0.0771

2022 Avg (February) 0.0740

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0769	0.0728	0.0758
February	0.0778	0.0755	0.0771
March	0.0771	0.0754	0.0761
April	0.0766	0.0742	0.0754
May	0.0750	0.0729	0.0737
June	0.0731	0.0715	0.0723
July	0.0729	0.0709	0.0722
August	0.0728	0.0716	0.0724
September	0.0757	0.0727	0.0748
October	0.0753	0.0718	0.0733
November	0.0726	0.0701	0.0714
December	0.0707	0.0692	0.0703