2023 MKD to SCR Historical Review

YEARLY HIGH

0.2577 SCR

YEARLY LOW

0.2188 SCR

YEARLY AVERAGE

0.2361 SCR

2023 MKD to SCR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to SCR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 21, valuing the pair at 0.2577. Conversely, the yearly low was recorded on October 26, dropping to 0.2188.

This high-to-low spread represents a total annual volatility of 0.0389 SCR. From a start-to-finish perspective, comparing the January average rate of 0.2369 to the December average rate of 0.2383, the exchange rate registered a net change of 0.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2577 was down 7.24% compared to the 2022 peak of 0.2778, 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 1,289 SCR

2022 Average 1,161 SCR

Yearly Trough Low 1,094 SCR

Transaction Impact: A difference of 194.64 SCR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2424

0.2267

JanuMarcMayJulySeptNove

MKD to SCR 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 0.2378, compared to 0.2344 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0033 points.

H1 Avg (Jan–Jun) 0.2378

H2 Avg (Jul–Dec) 0.2344

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0268 SCR (High: 0.2577 / Low: 0.2310). On the other end, August was the most stable month, with a tight range of 0.0107 SCR (High: 0.2418 / Low: 0.2311).

July Spread (Volatile) ±0.0268

August Spread (Stable) ±0.0107

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0089 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0089

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.2400) against the same month in 2022 (average: 0.2194), the exchange rate shifted by +0.0206 (+9.37%).

2023 Avg (July) 0.2400

2022 Avg (July) 0.2194

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2502	0.2236	0.2369
February	0.2492	0.2237	0.2357
March	0.2463	0.2251	0.2340
April	0.2497	0.2300	0.2408
May	0.2493	0.2291	0.2383
June	0.2523	0.2289	0.2411
July	0.2577	0.2310	0.2400
August	0.2418	0.2311	0.2369
September	0.2367	0.2206	0.2280
October	0.2378	0.2188	0.2288
November	0.2449	0.2264	0.2346
December	0.2504	0.2260	0.2383