2023 MKD to SBD Historical Review

YEARLY HIGH

0.1528 SBD

YEARLY LOW

0.1411 SBD

YEARLY AVERAGE

0.1466 SBD

2023 MKD to SBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to SBD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 0.1528. Conversely, the yearly low was recorded on March 8, dropping to 0.1411.

This high-to-low spread represents a total annual volatility of 0.0117 SBD. From a start-to-finish perspective, comparing the January average rate of 0.1445 to the December average rate of 0.1500, the exchange rate registered a net change of 3.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1528 was up 1.31% compared to the 2022 peak of 0.1508, 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 764 SBD

2022 Average 696 SBD

Yearly Trough Low 705 SBD

Transaction Impact: A difference of 58.49 SBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1509

0.1423

JanuMarcMayJulySeptNove

MKD to SBD 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 0.1453, compared to 0.1479 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.1453

H2 Avg (Jul–Dec) 0.1479

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0073 SBD (High: 0.1512 / Low: 0.1439). On the other end, October was the most stable month, with a tight range of 0.0030 SBD (High: 0.1461 / Low: 0.1431).

November Spread (Volatile) ±0.0073

October Spread (Stable) ±0.0030

Growth Streaks & Declines

Trends

Between October and December, 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 0.0025 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0025

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.1502) against the same month in 2022 (average: 0.1350), the exchange rate shifted by +0.0153 (+11.31%).

2023 Avg (July) 0.1502

2022 Avg (July) 0.1350

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1463	0.1412	0.1445
February	0.1458	0.1414	0.1431
March	0.1457	0.1411	0.1430
April	0.1506	0.1455	0.1477
May	0.1491	0.1446	0.1469
June	0.1484	0.1445	0.1466
July	0.1528	0.1470	0.1502
August	0.1498	0.1467	0.1483
September	0.1472	0.1429	0.1457
October	0.1461	0.1431	0.1448
November	0.1512	0.1439	0.1482
December	0.1521	0.1479	0.1500