2023 MKD to UYU Historical Review

YEARLY HIGH

0.7098 UYU

YEARLY LOW

0.6541 UYU

YEARLY AVERAGE

0.6819 UYU

2023 MKD to UYU Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to UYU exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 0.7098. Conversely, the yearly low was recorded on September 27, dropping to 0.6541.

This high-to-low spread represents a total annual volatility of 0.0558 UYU. From a start-to-finish perspective, comparing the January average rate of 0.6905 to the December average rate of 0.6966, the exchange rate registered a net change of 0.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7098 was down 14.43% compared to the 2022 peak of 0.8295, 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 3,549 UYU

2022 Average 3,526 UYU

Yearly Trough Low 3,270 UYU

Transaction Impact: A difference of 278.76 UYU purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7003

0.6562

JanuMarcMayJulySeptNove

MKD to UYU 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 0.6832, compared to 0.6806 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 0.6832

H2 Avg (Jul–Dec) 0.6806

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0352 UYU (High: 0.6963 / Low: 0.6611). On the other end, September was the most stable month, with a tight range of 0.0123 UYU (High: 0.6663 / Low: 0.6541).

July Spread (Volatile) ±0.0352

September Spread (Stable) ±0.0123

Growth Streaks & Declines

Trends

Between September and December, 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 May and June, when the average rate fell by 0.0128 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0128

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.6966) against the same month in 2022 (average: 0.6700), the exchange rate shifted by +0.0266 (+3.97%).

2023 Avg (December) 0.6966

2022 Avg (December) 0.6700

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7019	0.6790	0.6905
February	0.6870	0.6675	0.6793
March	0.6896	0.6694	0.6794
April	0.6985	0.6814	0.6907
May	0.6988	0.6723	0.6860
June	0.6814	0.6611	0.6733
July	0.6963	0.6611	0.6795
August	0.6843	0.6608	0.6707
September	0.6663	0.6541	0.6599
October	0.6906	0.6572	0.6802
November	0.7067	0.6836	0.6965
December	0.7098	0.6842	0.6966