2023 MKD to SZL Historical Review

YEARLY HIGH

0.3449 SZL

YEARLY LOW

0.2908 SZL

YEARLY AVERAGE

0.3239 SZL

2023 MKD to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on August 15, valuing the pair at 0.3449. Conversely, the yearly low was recorded on January 4, dropping to 0.2908.

This high-to-low spread represents a total annual volatility of 0.0541 SZL. From a start-to-finish perspective, comparing the January average rate of 0.2991 to the December average rate of 0.3305, the exchange rate registered a net change of 10.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3449 was up 13.41% compared to the 2022 peak of 0.3041, 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 1,725 SZL

2022 Average 1,396 SZL

Yearly Trough Low 1,454 SZL

Transaction Impact: A difference of 270.54 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3396

0.2955

JanuMarcMayJulySeptNove

MKD to SZL 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 0.3192, compared to 0.3286 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0094 points.

H1 Avg (Jan–Jun) 0.3192

H2 Avg (Jul–Dec) 0.3286

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0229 SZL (High: 0.3449 / Low: 0.3220). On the other end, October was the most stable month, with a tight range of 0.0108 SZL (High: 0.3331 / Low: 0.3223).

August Spread (Volatile) ±0.0229

October Spread (Stable) ±0.0108

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0068 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0068

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.3327) against the same month in 2022 (average: 0.2750), the exchange rate shifted by +0.0577 (+20.97%).

2023 Avg (August) 0.3327

2022 Avg (August) 0.2750

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3074	0.2908	0.2991
February	0.3169	0.3026	0.3112
March	0.3252	0.3126	0.3172
April	0.3303	0.3139	0.3230
May	0.3449	0.3267	0.3359
June	0.3429	0.3226	0.3291
July	0.3374	0.3152	0.3271
August	0.3449	0.3220	0.3327
September	0.3350	0.3224	0.3289
October	0.3331	0.3223	0.3274
November	0.3349	0.3140	0.3251
December	0.3406	0.3230	0.3305