2023 MKD to PYG Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MKD to PYG Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MKD to PYG exchange rate experienced significant fluctuation. The market reached its absolute peak on November 28, valuing the pair at 132.7035. Conversely, the yearly low was recorded on March 8, dropping to 122.8622.
This high-to-low spread represents a total annual volatility of 9.8413 PYG. From a start-to-finish perspective, comparing the January average rate of 129.0141 to the December average rate of 130.5078, the exchange rate registered a net change of 1.16% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 132.7035 was up 1.29% compared to the 2022 peak of 131.0164, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MKD to PYG Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 127.1604, compared to 128.8544 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.6940 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 6.6654 PYG (High: 131.4112 / Low: 124.7458). On the other end, August was the most stable month, with a tight range of 3.0135 PYG (High: 130.4414 / Low: 127.4279).
Growth Streaks & Declines
TrendsBetween May and July, 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 2.6171 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 130.5865) against the same month in 2022 (average: 119.0027), the exchange rate shifted by +11.5838 (+9.73%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 131.4112 | 124.7458 | 129.0141 |
| February | 129.8608 | 125.1002 | 126.9322 |
| March | 126.9014 | 122.8622 | 124.9158 |
| April | 130.0649 | 126.1374 | 127.5334 |
| May | 129.1743 | 125.1169 | 127.0629 |
| June | 129.5757 | 125.3792 | 127.5043 |
| July | 132.6936 | 128.1841 | 130.4063 |
| August | 130.4414 | 127.4279 | 128.8401 |
| September | 127.7547 | 124.5870 | 126.2230 |
| October | 128.5860 | 124.0601 | 126.5629 |
| November | 132.7035 | 127.3303 | 130.5865 |
| December | 132.2120 | 128.5881 | 130.5078 |