2023 MKD to SRD Historical Review

YEARLY HIGH

0.7007 SRD

YEARLY LOW

0.5370 SRD

YEARLY AVERAGE

0.6429 SRD

2023 MKD to SRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to SRD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 0.7007. Conversely, the yearly low was recorded on January 8, dropping to 0.5370.

This high-to-low spread represents a total annual volatility of 0.1636 SRD. From a start-to-finish perspective, comparing the January average rate of 0.5565 to the December average rate of 0.6626, the exchange rate registered a net change of 19.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7007 was up 27.15% compared to the 2022 peak of 0.5510, 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 3,503 SRD

2022 Average 2,063 SRD

Yearly Trough Low 2,685 SRD

Transaction Impact: A difference of 818.18 SRD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6948

0.5439

JanuMarcMayJulySeptNove

MKD to SRD 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 0.6175, compared to 0.6682 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0507 points.

H1 Avg (Jan–Jun) 0.6175

H2 Avg (Jul–Dec) 0.6682

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0612 SRD (High: 0.6382 / Low: 0.5770). On the other end, October was the most stable month, with a tight range of 0.0105 SRD (High: 0.6604 / Low: 0.6498).

March Spread (Volatile) ±0.0612

October Spread (Stable) ±0.0105

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0136 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0136

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.6822) against the same month in 2022 (average: 0.3788), the exchange rate shifted by +0.3035 (+80.11%).

2023 Avg (July) 0.6822

2022 Avg (July) 0.3788

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5728	0.5370	0.5565
February	0.5834	0.5611	0.5703
March	0.6382	0.5770	0.6012
April	0.6739	0.6305	0.6552
May	0.6751	0.6463	0.6589
June	0.6825	0.6473	0.6630
July	0.7007	0.6543	0.6822
August	0.6892	0.6702	0.6781
September	0.6771	0.6525	0.6645
October	0.6604	0.6498	0.6550
November	0.6769	0.6497	0.6670
December	0.6696	0.6558	0.6626