2023 MKD to XPF Historical Review

YEARLY HIGH

1.9590 XPF

YEARLY LOW

1.9045 XPF

YEARLY AVERAGE

1.9367 XPF

2023 MKD to XPF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to XPF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 1.9590. Conversely, the yearly low was recorded on January 8, dropping to 1.9045.

This high-to-low spread represents a total annual volatility of 0.0545 XPF. From a start-to-finish perspective, comparing the January average rate of 1.9346 to the December average rate of 1.9376, the exchange rate registered a net change of 0.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.9590 was down 0.73% compared to the 2022 peak of 1.9734, 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 9,795 XPF

2022 Average 9,686 XPF

Yearly Trough Low 9,523 XPF

Transaction Impact: A difference of 272.39 XPF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.9397

1.9341

JanuMarcMayJulySeptNove

MKD to XPF 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 1.9356, compared to 1.9379 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0023 points.

H1 Avg (Jan–Jun) 1.9356

H2 Avg (Jul–Dec) 1.9379

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0508 XPF (High: 1.9554 / Low: 1.9046). On the other end, October was the most stable month, with a tight range of 0.0119 XPF (High: 1.9464 / Low: 1.9345).

July Spread (Volatile) ±0.0508

October Spread (Stable) ±0.0119

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0029 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 1.9383) against the same month in 2022 (average: 1.9357), the exchange rate shifted by +0.0026 (+0.13%).

2023 Avg (February) 1.9383

2022 Avg (February) 1.9357

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9525	1.9045	1.9346
February	1.9590	1.9157	1.9383
March	1.9569	1.9191	1.9354
April	1.9580	1.9149	1.9346
May	1.9519	1.9048	1.9353
June	1.9425	1.9176	1.9352
July	1.9554	1.9046	1.9376
August	1.9440	1.9236	1.9378
September	1.9420	1.9298	1.9388
October	1.9464	1.9345	1.9392
November	1.9469	1.9218	1.9364
December	1.9458	1.9214	1.9376