2023 MKD to SAR Historical Review

YEARLY HIGH

0.0685 SAR

YEARLY LOW

0.0638 SAR

YEARLY AVERAGE

0.0659 SAR

2023 MKD to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 0.0685. Conversely, the yearly low was recorded on October 3, dropping to 0.0638.

This high-to-low spread represents a total annual volatility of 0.0047 SAR. From a start-to-finish perspective, comparing the January average rate of 0.0657 to the December average rate of 0.0665, the exchange rate registered a net change of 1.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0685 was down 1.92% compared to the 2022 peak of 0.0699, 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 343 SAR

2022 Average 321 SAR

Yearly Trough Low 319 SAR

Transaction Impact: A difference of 23.40 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0676

0.0641

JanuMarcMayJulySeptNove

MKD to SAR 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 0.0659 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0659

H2 Avg (Jul–Dec) 0.0659

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0028 SAR (High: 0.0669 / Low: 0.0641). On the other end, October was the most stable month, with a tight range of 0.0011 SAR (High: 0.0650 / Low: 0.0638).

November Spread (Volatile) ±0.0028

October Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between February and April, 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 0.0014 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0673) against the same month in 2022 (average: 0.0621), the exchange rate shifted by +0.0052 (+8.38%).

2023 Avg (July) 0.0673

2022 Avg (July) 0.0621

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0666	0.0640	0.0657
February	0.0666	0.0644	0.0652
March	0.0664	0.0642	0.0653
April	0.0678	0.0660	0.0668
May	0.0673	0.0651	0.0662
June	0.0668	0.0650	0.0660
July	0.0685	0.0662	0.0673
August	0.0671	0.0657	0.0665
September	0.0658	0.0640	0.0651
October	0.0650	0.0638	0.0644
November	0.0669	0.0641	0.0659
December	0.0677	0.0655	0.0665