2023 MKD to TRY Historical Review

YEARLY HIGH

0.5334 TRY

YEARLY LOW

0.3195 TRY

YEARLY AVERAGE

0.4180 TRY

2023 MKD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.5334. Conversely, the yearly low was recorded on January 8, dropping to 0.3195.

This high-to-low spread represents a total annual volatility of 0.2139 TRY. From a start-to-finish perspective, comparing the January average rate of 0.3285 to the December average rate of 0.5162, the exchange rate registered a net change of 57.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5334 was up 64.79% compared to the 2022 peak of 0.3237, 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 2,667 TRY

2022 Average 1,411 TRY

Yearly Trough Low 1,598 TRY

Transaction Impact: A difference of 1,069.53 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5350

0.3088

JanuMarcMayJulySeptNove

MKD to TRY 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 0.3495, compared to 0.4866 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1370 points.

H1 Avg (Jan–Jun) 0.3495

H2 Avg (Jul–Dec) 0.4866

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1008 TRY (High: 0.4633 / Low: 0.3625). On the other end, September was the most stable month, with a tight range of 0.0057 TRY (High: 0.4718 / Low: 0.4661).

June Spread (Volatile) ±0.1008

September Spread (Stable) ±0.0057

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0083 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0083

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.5162) against the same month in 2022 (average: 0.3205), the exchange rate shifted by +0.1956 (+61.04%).

2023 Avg (December) 0.5162

2022 Avg (December) 0.3205

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3336	0.3195	0.3285
February	0.3338	0.3243	0.3277
March	0.3394	0.3240	0.3302
April	0.3514	0.3388	0.3446
May	0.3601	0.3464	0.3488
June	0.4633	0.3625	0.4173
July	0.4920	0.4571	0.4754
August	0.4835	0.4549	0.4769
September	0.4718	0.4661	0.4686
October	0.4869	0.4679	0.4789
November	0.5161	0.4843	0.5034
December	0.5334	0.5054	0.5162