2023 MKD to TND Historical Review

YEARLY HIGH

0.0557 TND

YEARLY LOW

0.0532 TND

YEARLY AVERAGE

0.0545 TND

2023 MKD to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on April 21, valuing the pair at 0.0557. Conversely, the yearly low was recorded on January 8, dropping to 0.0532.

This high-to-low spread represents a total annual volatility of 0.0026 TND. From a start-to-finish perspective, comparing the January average rate of 0.0541 to the December average rate of 0.0550, the exchange rate registered a net change of 1.67% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0557 was down 0.01% compared to the 2022 peak of 0.0557, 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 279 TND

2022 Average 263 TND

Yearly Trough Low 266 TND

Transaction Impact: A difference of 12.81 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0552

0.0539

JanuMarcMayJulySeptNove

MKD to TND 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 0.0542, compared to 0.0548 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0542

H2 Avg (Jul–Dec) 0.0548

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0020 TND (High: 0.0557 / Low: 0.0537). On the other end, October was the most stable month, with a tight range of 0.0007 TND (High: 0.0548 / Low: 0.0541).

April Spread (Volatile) ±0.0020

October Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between February and April, 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 April and May, when the average rate fell by 0.0004 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.0545) against the same month in 2022 (average: 0.0527), the exchange rate shifted by +0.0019 (+3.52%).

2023 Avg (April) 0.0545

2022 Avg (April) 0.0527

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0548	0.0532	0.0541
February	0.0545	0.0534	0.0540
March	0.0551	0.0538	0.0542
April	0.0557	0.0537	0.0545
May	0.0546	0.0536	0.0541
June	0.0551	0.0536	0.0544
July	0.0557	0.0545	0.0551
August	0.0553	0.0542	0.0548
September	0.0548	0.0539	0.0544
October	0.0548	0.0541	0.0545
November	0.0555	0.0544	0.0550
December	0.0555	0.0543	0.0550