2023 MKD to THB Historical Review

YEARLY HIGH

0.6366 THB

YEARLY LOW

0.5740 THB

YEARLY AVERAGE

0.6106 THB

2023 MKD to THB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on October 8, valuing the pair at 0.6366. Conversely, the yearly low was recorded on January 8, dropping to 0.5740.

This high-to-low spread represents a total annual volatility of 0.0626 THB. From a start-to-finish perspective, comparing the January average rate of 0.5807 to the December average rate of 0.6190, the exchange rate registered a net change of 6.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6366 was up 2.67% compared to the 2022 peak of 0.6201, 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 3,183 THB

2022 Average 2,990 THB

Yearly Trough Low 2,870 THB

Transaction Impact: A difference of 312.78 THB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6310

0.5761

JanuMarcMayJulySeptNove

MKD to THB 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 0.5993, compared to 0.6219 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0226 points.

H1 Avg (Jan–Jun) 0.5993

H2 Avg (Jul–Dec) 0.6219

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0317 THB (High: 0.6316 / Low: 0.5998). On the other end, December was the most stable month, with a tight range of 0.0132 THB (High: 0.6267 / Low: 0.6135).

June Spread (Volatile) ±0.0317

December Spread (Stable) ±0.0132

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 April and May, when the average rate fell by 0.0059 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0059

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.6265) against the same month in 2022 (average: 0.6050), the exchange rate shifted by +0.0215 (+3.55%).

2023 Avg (October) 0.6265

2022 Avg (October) 0.6050

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5995	0.5740	0.5807
February	0.6051	0.5788	0.5922
March	0.6072	0.5859	0.5980
April	0.6190	0.6010	0.6088
May	0.6110	0.5959	0.6030
June	0.6316	0.5998	0.6132
July	0.6323	0.6115	0.6217
August	0.6270	0.6129	0.6208
September	0.6283	0.6149	0.6212
October	0.6366	0.6187	0.6265
November	0.6290	0.6146	0.6221
December	0.6267	0.6135	0.6190