2023 MKD to SLL Historical Review

YEARLY HIGH

378.4463 SLL

YEARLY LOW

300.6204 SLL

YEARLY AVERAGE

335.0356 SLL

2023 MKD to SLL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to SLL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 378.4463. Conversely, the yearly low was recorded on January 8, dropping to 300.6204.

This high-to-low spread represents a total annual volatility of 77.8259 SLL. From a start-to-finish perspective, comparing the January average rate of 308.9537 to the December average rate of 371.9192, the exchange rate registered a net change of 20.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 378.4463 was up 23.59% compared to the 2022 peak of 306.2182, 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 1,892,232 SLL

2022 Average 1,169,015 SLL

Yearly Trough Low 1,503,102 SLL

Transaction Impact: A difference of 389,129.72 SLL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

378.4119

300.4990

JanuMarcMayJulySeptNove

MKD to SLL 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 310.0152, compared to 360.0560 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 50.0408 points.

H1 Avg (Jan–Jun) 310.0152

H2 Avg (Jul–Dec) 360.0560

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 64.0127 SLL (High: 375.6369 / Low: 311.6242). On the other end, October was the most stable month, with a tight range of 6.2308 SLL (High: 363.0925 / Low: 356.8616).

July Spread (Volatile) ±64.0127

October Spread (Stable) ±6.2308

Growth Streaks & Declines

Trends

Between June and August, 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 7.6940 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -7.6940

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 371.9192) against the same month in 2022 (average: 303.5502), the exchange rate shifted by +68.3690 (+22.52%).

2023 Avg (December) 371.9192

2022 Avg (December) 303.5502

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	313.3747	300.6204	308.9537
February	313.3556	303.3082	307.0880
March	312.6196	302.2543	306.9917
April	319.1370	310.6962	314.7033
May	317.1516	306.4347	311.6928
June	314.7368	306.3759	310.6615
July	375.6369	311.6242	324.8226
August	375.2661	367.4300	371.5132
September	368.0699	358.0578	363.8192
October	363.0925	356.8616	360.0426
November	374.1906	358.5048	368.2189
December	378.4463	366.4754	371.9192