2023 MKD to TJS Historical Review

YEARLY HIGH

0.1997 TJS

YEARLY LOW

0.1713 TJS

YEARLY AVERAGE

0.1898 TJS

2023 MKD to TJS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to TJS exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 0.1997. Conversely, the yearly low was recorded on March 8, dropping to 0.1713.

This high-to-low spread represents a total annual volatility of 0.0284 TJS. From a start-to-finish perspective, comparing the January average rate of 0.1790 to the December average rate of 0.1940, the exchange rate registered a net change of 8.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1997 was down 14.73% compared to the 2022 peak of 0.2343, 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 999 TJS

2022 Average 941 TJS

Yearly Trough Low 857 TJS

Transaction Impact: A difference of 142.05 TJS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1979

0.1772

JanuMarcMayJulySeptNove

MKD to TJS 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 0.1870, compared to 0.1926 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0056 points.

H1 Avg (Jan–Jun) 0.1870

H2 Avg (Jul–Dec) 0.1926

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0219 TJS (High: 0.1933 / Low: 0.1713). On the other end, October was the most stable month, with a tight range of 0.0030 TJS (High: 0.1901 / Low: 0.1870).

March Spread (Volatile) ±0.0219

October Spread (Stable) ±0.0030

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 August and September, when the average rate fell by 0.0039 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0039

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.1962) against the same month in 2022 (average: 0.1688), the exchange rate shifted by +0.0274 (+16.25%).

2023 Avg (July) 0.1962

2022 Avg (July) 0.1688

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1822	0.1741	0.1790
February	0.1863	0.1719	0.1806
March	0.1933	0.1713	0.1835
April	0.1964	0.1920	0.1943
May	0.1958	0.1893	0.1927
June	0.1946	0.1894	0.1921
July	0.1997	0.1924	0.1962
August	0.1963	0.1924	0.1944
September	0.1928	0.1878	0.1905
October	0.1901	0.1870	0.1883
November	0.1947	0.1872	0.1920
December	0.1979	0.1912	0.1940