2023 MKD to TZS Historical Review

YEARLY HIGH

45.4510 TZS

YEARLY LOW

39.7634 TZS

YEARLY AVERAGE

42.5322 TZS

2023 MKD to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 45.4510. Conversely, the yearly low was recorded on January 8, dropping to 39.7634.

This high-to-low spread represents a total annual volatility of 5.6876 TZS. From a start-to-finish perspective, comparing the January average rate of 40.8217 to the December average rate of 44.5591, the exchange rate registered a net change of 9.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 45.4510 was up 5.55% compared to the 2022 peak of 43.0631, 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 227,255 TZS

2022 Average 198,912 TZS

Yearly Trough Low 198,817 TZS

Transaction Impact: A difference of 28,437.89 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

44.9584

40.1668

JanuMarcMayJulySeptNove

MKD to TZS 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 41.2296, compared to 43.8348 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.6053 points.

H1 Avg (Jan–Jun) 41.2296

H2 Avg (Jul–Dec) 43.8348

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 2.0882 TZS (High: 44.6581 / Low: 42.5699). On the other end, October was the most stable month, with a tight range of 0.6288 TZS (High: 43.3443 / Low: 42.7155).

July Spread (Volatile) ±2.0882

October Spread (Stable) ±0.6288

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 0.7270 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.7270

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 44.5591) against the same month in 2022 (average: 40.0955), the exchange rate shifted by +4.4636 (+11.13%).

2023 Avg (December) 44.5591

2022 Avg (December) 40.0955

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	41.3694	39.7634	40.8217
February	41.4910	40.0405	40.6058
March	41.3508	39.9013	40.5661
April	42.4643	41.1270	41.7713
May	42.2809	41.0256	41.6277
June	42.8498	41.0178	41.9848
July	44.6581	42.5699	43.8196
August	44.5837	43.7675	44.1955
September	43.9759	42.8587	43.4685
October	43.3443	42.7155	43.0152
November	44.7333	42.7070	43.9512
December	45.4510	43.8355	44.5591