2023 MUR to MKD Historical Review

YEARLY HIGH

1.3431 MKD

YEARLY LOW

1.1979 MKD

YEARLY AVERAGE

1.2629 MKD

2023 MUR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MUR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 1.3431. Conversely, the yearly low was recorded on July 22, dropping to 1.1979.

This high-to-low spread represents a total annual volatility of 0.1452 MKD. From a start-to-finish perspective, comparing the January average rate of 1.2961 to the December average rate of 1.2773, the exchange rate registered a net change of -1.45% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.3431 was down 7.34% compared to the 2022 peak of 1.4495, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,716 MKD

2022 Average 6,620 MKD

Yearly Trough Low 5,990 MKD

Transaction Impact: A difference of 725.92 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.3231

1.2131

JanuMarcMayJulySeptNove

MUR 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 1.2551, compared to 1.2706 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0156 points.

H1 Avg (Jan–Jun) 1.2551

H2 Avg (Jul–Dec) 1.2706

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0937 MKD (High: 1.3163 / Low: 1.2227). On the other end, October was the most stable month, with a tight range of 0.0216 MKD (High: 1.3233 / Low: 1.3017).

September Spread (Volatile) ±0.0937

October Spread (Stable) ±0.0216

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 January and February, when the average rate fell by 0.0379 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0379

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.2961) against the same month in 2022 (average: 1.2469), the exchange rate shifted by +0.0493 (+3.95%).

2023 Avg (January) 1.2961

2022 Avg (January) 1.2469

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3431	1.2531	1.2961
February	1.2797	1.2403	1.2583
March	1.2552	1.2179	1.2388
April	1.2537	1.2314	1.2435
May	1.2633	1.2282	1.2478
June	1.2679	1.2221	1.2460
July	1.2459	1.1979	1.2223
August	1.2533	1.2256	1.2408
September	1.3163	1.2227	1.2815
October	1.3233	1.3017	1.3140
November	1.3217	1.2630	1.2880
December	1.2974	1.2426	1.2773