2023 MKD to RON Historical Review

YEARLY HIGH

0.0811 RON

YEARLY LOW

0.0788 RON

YEARLY AVERAGE

0.0803 RON

2023 MKD to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 0.0811. Conversely, the yearly low was recorded on July 13, dropping to 0.0788.

This high-to-low spread represents a total annual volatility of 0.0023 RON. From a start-to-finish perspective, comparing the January average rate of 0.0799 to the December average rate of 0.0807, the exchange rate registered a net change of 1.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0811 was down 0.76% compared to the 2022 peak of 0.0817, 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 405 RON

2022 Average 400 RON

Yearly Trough Low 394 RON

Transaction Impact: A difference of 11.54 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0808

0.0796

JanuMarcMayJulySeptNove

MKD to RON 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 0.0801, compared to 0.0806 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0801

H2 Avg (Jul–Dec) 0.0806

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0020 RON (High: 0.0807 / Low: 0.0788). On the other end, October was the most stable month, with a tight range of 0.0005 RON (High: 0.0810 / Low: 0.0805).

July Spread (Volatile) ±0.0020

October Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0002 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0807) against the same month in 2022 (average: 0.0796), the exchange rate shifted by +0.0010 (+1.28%).

2023 Avg (November) 0.0807

2022 Avg (November) 0.0796

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0807	0.0791	0.0799
February	0.0804	0.0788	0.0797
March	0.0807	0.0791	0.0800
April	0.0811	0.0798	0.0802
May	0.0809	0.0798	0.0804
June	0.0808	0.0797	0.0805
July	0.0807	0.0788	0.0802
August	0.0805	0.0797	0.0803
September	0.0810	0.0804	0.0807
October	0.0810	0.0805	0.0807
November	0.0811	0.0800	0.0807
December	0.0811	0.0800	0.0807