2023 MKD to TWD Historical Review

YEARLY HIGH

0.5700 TWD

YEARLY LOW

0.5203 TWD

YEARLY AVERAGE

0.5470 TWD

2023 MKD to TWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to TWD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 21, valuing the pair at 0.5700. Conversely, the yearly low was recorded on January 8, dropping to 0.5203.

This high-to-low spread represents a total annual volatility of 0.0497 TWD. From a start-to-finish perspective, comparing the January average rate of 0.5315 to the December average rate of 0.5536, the exchange rate registered a net change of 4.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5700 was up 7.01% compared to the 2022 peak of 0.5327, 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 2,850 TWD

2022 Average 2,543 TWD

Yearly Trough Low 2,602 TWD

Transaction Impact: A difference of 248.28 TWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5675

0.5225

JanuMarcMayJulySeptNove

MKD to TWD 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 0.5361, compared to 0.5579 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0217 points.

H1 Avg (Jan–Jun) 0.5361

H2 Avg (Jul–Dec) 0.5579

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0219 TWD (High: 0.5526 / Low: 0.5307). On the other end, February was the most stable month, with a tight range of 0.0090 TWD (High: 0.5318 / Low: 0.5229).

June Spread (Volatile) ±0.0219

February Spread (Stable) ±0.0090

Growth Streaks & Declines

Trends

Between May and August, 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 0.0081 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0081

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.5600) against the same month in 2022 (average: 0.4941), the exchange rate shifted by +0.0659 (+13.33%).

2023 Avg (July) 0.5600

2022 Avg (July) 0.4941

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5369	0.5203	0.5315
February	0.5318	0.5229	0.5263
March	0.5399	0.5252	0.5309
April	0.5557	0.5371	0.5444
May	0.5504	0.5319	0.5417
June	0.5526	0.5307	0.5419
July	0.5700	0.5497	0.5600
August	0.5690	0.5571	0.5637
September	0.5595	0.5505	0.5556
October	0.5593	0.5495	0.5543
November	0.5670	0.5522	0.5600
December	0.5584	0.5462	0.5536