2023 MKD to VND Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MKD to VND Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MKD to VND exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 439.0017. Conversely, the yearly low was recorded on January 8, dropping to 399.3865.
This high-to-low spread represents a total annual volatility of 39.6152 VND. From a start-to-finish perspective, comparing the January average rate of 410.4644 to the December average rate of 430.7071, the exchange rate registered a net change of 4.93% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 439.0017 was up 3.91% compared to the 2022 peak of 422.4964, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MKD to VND Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 412.8969, compared to 424.3794 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 11.4825 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 16.6028 VND (High: 415.9893 / Low: 399.3865). On the other end, September was the most stable month, with a tight range of 7.2582 VND (High: 423.8784 / Low: 416.6202).
Growth Streaks & Declines
TrendsBetween 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 April and May, when the average rate fell by 4.0755 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 430.7071) against the same month in 2022 (average: 408.7843), the exchange rate shifted by +21.9228 (+5.36%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 415.9893 | 399.3865 | 410.4644 |
| February | 415.9640 | 408.0452 | 411.0734 |
| March | 415.5230 | 404.7213 | 410.1807 |
| April | 423.9368 | 412.3853 | 418.1157 |
| May | 421.2995 | 407.5413 | 414.0402 |
| June | 419.2281 | 407.2718 | 413.5068 |
| July | 431.6727 | 415.9252 | 424.8295 |
| August | 427.8808 | 419.9118 | 422.8791 |
| September | 423.8784 | 416.6202 | 420.2657 |
| October | 425.9599 | 414.9480 | 420.3675 |
| November | 432.5420 | 420.1644 | 427.2276 |
| December | 439.0017 | 423.9806 | 430.7071 |