2023 MKD to XCD Historical Review

YEARLY HIGH

0.0493 XCD

YEARLY LOW

0.0460 XCD

YEARLY AVERAGE

0.0475 XCD

2023 MKD to XCD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to XCD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 0.0493. Conversely, the yearly low was recorded on January 8, dropping to 0.0460.

This high-to-low spread represents a total annual volatility of 0.0034 XCD. From a start-to-finish perspective, comparing the January average rate of 0.0473 to the December average rate of 0.0479, the exchange rate registered a net change of 1.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0493 was down 1.94% compared to the 2022 peak of 0.0503, 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 247 XCD

2022 Average 231 XCD

Yearly Trough Low 230 XCD

Transaction Impact: A difference of 16.75 XCD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0487

0.0462

JanuMarcMayJulySeptNove

MKD to XCD 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 0.0474, compared to 0.0475 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0474

H2 Avg (Jul–Dec) 0.0475

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0020 XCD (High: 0.0482 / Low: 0.0462). On the other end, October was the most stable month, with a tight range of 0.0008 XCD (High: 0.0468 / Low: 0.0460).

November Spread (Volatile) ±0.0020

October Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0010 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0485) against the same month in 2022 (average: 0.0447), the exchange rate shifted by +0.0038 (+8.50%).

2023 Avg (July) 0.0485

2022 Avg (July) 0.0447

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0479	0.0460	0.0473
February	0.0479	0.0464	0.0470
March	0.0478	0.0462	0.0470
April	0.0488	0.0475	0.0481
May	0.0485	0.0469	0.0477
June	0.0482	0.0469	0.0475
July	0.0493	0.0477	0.0485
August	0.0484	0.0474	0.0479
September	0.0474	0.0461	0.0469
October	0.0468	0.0460	0.0464
November	0.0482	0.0462	0.0475
December	0.0488	0.0472	0.0479