2023 MKD to SYP Historical Review

YEARLY HIGH

45.8727 SYP

YEARLY LOW

42.7579 SYP

YEARLY AVERAGE

44.1339 SYP

2023 MKD to SYP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 45.8727. Conversely, the yearly low was recorded on January 8, dropping to 42.7579.

This high-to-low spread represents a total annual volatility of 3.1149 SYP. From a start-to-finish perspective, comparing the January average rate of 43.9431 to the December average rate of 44.5627, the exchange rate registered a net change of 1.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 45.8727 was down 1.92% compared to the 2022 peak of 46.7712, 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 229,364 SYP

2022 Average 214,893 SYP

Yearly Trough Low 213,789 SYP

Transaction Impact: A difference of 15,574.34 SYP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

45.3119

42.9422

JanuMarcMayJulySeptNove

MKD to SYP 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 44.0941, compared to 44.1738 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0796 points.

H1 Avg (Jan–Jun) 44.0941

H2 Avg (Jul–Dec) 44.1738

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.8795 SYP (High: 44.8349 / Low: 42.9554). On the other end, October was the most stable month, with a tight range of 0.7466 SYP (High: 43.5051 / Low: 42.7586).

November Spread (Volatile) ±1.8795

October Spread (Stable) ±0.7466

Growth Streaks & Declines

Trends

Between October and December, 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 0.9219 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.9219

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 45.1145) against the same month in 2022 (average: 41.5804), the exchange rate shifted by +3.5341 (+8.50%).

2023 Avg (July) 45.1145

2022 Avg (July) 41.5804

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	44.5719	42.7579	43.9431
February	44.5692	43.1402	43.6778
March	44.4645	42.9903	43.6641
April	45.3915	44.1910	44.7609
May	45.1091	43.5848	44.3327
June	44.7657	43.5765	44.1860
July	45.8727	44.3230	45.1145
August	44.9637	44.0248	44.5141
September	44.1015	42.9019	43.5922
October	43.5051	42.7586	43.1397
November	44.8349	42.9554	44.1194
December	45.3448	43.9105	44.5627