2023 MMK to MKD Historical Review

YEARLY HIGH

0.0280 MKD

YEARLY LOW

0.0261 MKD

YEARLY AVERAGE

0.0271 MKD

2023 MMK to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MMK to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.0280. Conversely, the yearly low was recorded on July 18, dropping to 0.0261.

This high-to-low spread represents a total annual volatility of 0.0019 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0272 to the December average rate of 0.0268, the exchange rate registered a net change of -1.49% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0280 was down 15.80% compared to the 2022 peak of 0.0332, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MMK based on timing:

Yearly Peak High 140 MKD

2022 Average 152 MKD

Yearly Trough Low 130 MKD

Transaction Impact: A difference of 9.44 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0279

0.0264

JanuMarcMayJulySeptNove

MMK to MKD 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 0.0272, compared to 0.0271 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0272

H2 Avg (Jul–Dec) 0.0271

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0012 MKD (High: 0.0279 / Low: 0.0267). On the other end, October was the most stable month, with a tight range of 0.0005 MKD (High: 0.0280 / Low: 0.0275).

November Spread (Volatile) ±0.0012

October Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between July and October, 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 March and April, when the average rate fell by 0.0007 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0278) against the same month in 2022 (average: 0.0299), the exchange rate shifted by -0.0021 (-7.06%).

2023 Avg (October) 0.0278

2022 Avg (October) 0.0299

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0280	0.0268	0.0272
February	0.0277	0.0268	0.0274
March	0.0278	0.0269	0.0274
April	0.0270	0.0265	0.0268
May	0.0275	0.0265	0.0270
June	0.0275	0.0267	0.0271
July	0.0270	0.0261	0.0266
August	0.0272	0.0266	0.0269
September	0.0279	0.0271	0.0275
October	0.0280	0.0275	0.0278
November	0.0279	0.0267	0.0272
December	0.0272	0.0263	0.0268