2023 MNT to MKD Historical Review

YEARLY HIGH

0.0172 MKD

YEARLY LOW

0.0156 MKD

YEARLY AVERAGE

0.0165 MKD

2023 MNT to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MNT to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.0172. Conversely, the yearly low was recorded on July 16, dropping to 0.0156.

This high-to-low spread represents a total annual volatility of 0.0017 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0168 to the December average rate of 0.0163, the exchange rate registered a net change of -2.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0172 was down 12.74% compared to the 2022 peak of 0.0198, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 86 MKD

2022 Average 94 MKD

Yearly Trough Low 78 MKD

Transaction Impact: A difference of 8.41 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0170

0.0158

JanuMarcMayJulySeptNove

MNT 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 0.0165, compared to 0.0164 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) 0.0165

H2 Avg (Jul–Dec) 0.0164

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0011 MKD (High: 0.0172 / Low: 0.0161). On the other end, October was the most stable month, with a tight range of 0.0003 MKD (High: 0.0170 / Low: 0.0167).

March Spread (Volatile) ±0.0011

October Spread (Stable) ±0.0003

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 0.0009 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0168) against the same month in 2022 (average: 0.0190), the exchange rate shifted by -0.0022 (-11.81%).

2023 Avg (January) 0.0168

2022 Avg (January) 0.0190

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0172	0.0165	0.0168
February	0.0171	0.0165	0.0169
March	0.0172	0.0161	0.0169
April	0.0162	0.0157	0.0160
May	0.0164	0.0158	0.0161
June	0.0164	0.0159	0.0162
July	0.0162	0.0156	0.0159
August	0.0165	0.0162	0.0164
September	0.0170	0.0165	0.0167
October	0.0170	0.0167	0.0169
November	0.0170	0.0162	0.0165
December	0.0166	0.0161	0.0163