2023 MKD to SDG Historical Review

YEARLY HIGH

10.9819 SDG

YEARLY LOW

9.7145 SDG

YEARLY AVERAGE

10.4747 SDG

2023 MKD to SDG Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to SDG exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 10.9819. Conversely, the yearly low was recorded on November 20, dropping to 9.7145.

This high-to-low spread represents a total annual volatility of 1.2675 SDG. From a start-to-finish perspective, comparing the January average rate of 10.0894 to the December average rate of 10.6595, the exchange rate registered a net change of 5.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.9819 was up 10.83% compared to the 2022 peak of 9.9091, 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 54,910 SDG

2022 Average 42,511 SDG

Yearly Trough Low 48,572 SDG

Transaction Impact: A difference of 6,337.31 SDG purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.8631

10.0191

JanuMarcMayJulySeptNove

MKD to SDG 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 10.3883, compared to 10.5611 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1728 points.

H1 Avg (Jan–Jun) 10.3883

H2 Avg (Jul–Dec) 10.5611

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.0012 SDG (High: 10.7156 / Low: 9.7145). On the other end, October was the most stable month, with a tight range of 0.1851 SDG (High: 10.4065 / Low: 10.2214).

November Spread (Volatile) ±1.0012

October Spread (Stable) ±0.1851

Growth Streaks & Declines

Trends

Between January and April, 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 0.2219 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2219

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 10.7927) against the same month in 2022 (average: 7.5517), the exchange rate shifted by +3.2411 (+42.92%).

2023 Avg (July) 10.7927

2022 Avg (July) 7.5517

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.2797	9.7512	10.0894
February	10.3506	10.1019	10.1796
March	10.5284	9.9036	10.2481
April	10.8306	10.1983	10.6513
May	10.7632	10.4255	10.5884
June	10.7169	10.4235	10.5732
July	10.9819	10.6109	10.7927
August	10.7643	10.5396	10.6538
September	10.5579	10.2622	10.4319
October	10.4065	10.2214	10.3177
November	10.7156	9.7145	10.5109
December	10.8465	10.5034	10.6595