2023 MKD to SGD Historical Review

YEARLY HIGH

0.0242 SGD

YEARLY LOW

0.0227 SGD

YEARLY AVERAGE

0.0236 SGD

2023 MKD to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 21, valuing the pair at 0.0242. Conversely, the yearly low was recorded on January 8, dropping to 0.0227.

This high-to-low spread represents a total annual volatility of 0.0015 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0232 to the December average rate of 0.0236, the exchange rate registered a net change of 1.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0242 was down 3.46% compared to the 2022 peak of 0.0251, 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 121 SGD

2022 Average 118 SGD

Yearly Trough Low 113 SGD

Transaction Impact: A difference of 7.55 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0241

0.0231

JanuMarcMayJulySeptNove

MKD to SGD 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 0.0234, compared to 0.0237 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0234

H2 Avg (Jul–Dec) 0.0237

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0007 SGD (High: 0.0241 / Low: 0.0234). On the other end, October was the most stable month, with a tight range of 0.0003 SGD (High: 0.0237 / Low: 0.0234).

April Spread (Volatile) ±0.0007

October Spread (Stable) ±0.0003

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 0.0003 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0240) against the same month in 2022 (average: 0.0231), the exchange rate shifted by +0.0009 (+3.87%).

2023 Avg (July) 0.0240

2022 Avg (July) 0.0231

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0233	0.0227	0.0232
February	0.0235	0.0231	0.0232
March	0.0235	0.0232	0.0233
April	0.0241	0.0234	0.0237
May	0.0239	0.0234	0.0236
June	0.0240	0.0234	0.0237
July	0.0242	0.0237	0.0240
August	0.0241	0.0237	0.0239
September	0.0238	0.0234	0.0237
October	0.0237	0.0234	0.0235
November	0.0238	0.0233	0.0237
December	0.0238	0.0234	0.0236