2023 MYR to MKD Historical Review

YEARLY HIGH

13.4680 MKD

YEARLY LOW

11.9606 MKD

YEARLY AVERAGE

12.4998 MKD

2023 MYR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MYR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 6, valuing the pair at 13.4680. Conversely, the yearly low was recorded on December 19, dropping to 11.9606.

This high-to-low spread represents a total annual volatility of 1.5075 MKD. From a start-to-finish perspective, comparing the January average rate of 13.2119 to the December average rate of 12.1066, the exchange rate registered a net change of -8.37% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 13.4680 was down 3.03% compared to the 2022 peak of 13.8887, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 269,361 MKD

2022 Average 266,266 MKD

Yearly Trough Low 239,211 MKD

Transaction Impact: A difference of 30,149.56 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

13.3224

11.9961

JanuMarcMayJulySeptNove

MYR 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 12.7978, compared to 12.2017 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5961 points.

H1 Avg (Jan–Jun) 12.7978

H2 Avg (Jul–Dec) 12.2017

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.5672 MKD (High: 12.5959 / Low: 12.0288). On the other end, September was the most stable month, with a tight range of 0.1952 MKD (High: 12.4394 / Low: 12.2442).

June Spread (Volatile) ±0.5672

September Spread (Stable) ±0.1952

Growth Streaks & Declines

Trends

Between July and September, 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 February and March, when the average rate fell by 0.3061 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3061

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 13.1802) against the same month in 2022 (average: 12.9806), the exchange rate shifted by +0.1997 (+1.54%).

2023 Avg (February) 13.1802

2022 Avg (February) 12.9806

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.3797	12.9746	13.2119
February	13.4680	12.9678	13.1802
March	12.9921	12.7420	12.8742
April	12.8911	12.4095	12.6872
May	12.6469	12.3503	12.5471
June	12.5959	12.0288	12.2863
July	12.3348	12.0008	12.1281
August	12.3835	12.1396	12.2449
September	12.4394	12.2442	12.3143
October	12.4444	12.1138	12.2742
November	12.3802	11.9906	12.1423
December	12.2552	11.9606	12.1066