2023 MZN to MKD Historical Review

YEARLY HIGH

0.9196 MKD

YEARLY LOW

0.8576 MKD

YEARLY AVERAGE

0.8915 MKD

2023 MZN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.9196. Conversely, the yearly low was recorded on July 15, dropping to 0.8576.

This high-to-low spread represents a total annual volatility of 0.0620 MKD. From a start-to-finish perspective, comparing the January average rate of 0.8951 to the December average rate of 0.8828, the exchange rate registered a net change of -1.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9196 was down 8.11% compared to the 2022 peak of 1.0007, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,598 MKD

2022 Average 4,587 MKD

Yearly Trough Low 4,288 MKD

Transaction Impact: A difference of 310.19 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9158

0.8694

JanuMarcMayJulySeptNove

MZN 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 0.8921, compared to 0.8910 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.8921

H2 Avg (Jul–Dec) 0.8910

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0380 MKD (High: 0.9154 / Low: 0.8773). On the other end, October was the most stable month, with a tight range of 0.0151 MKD (High: 0.9196 / Low: 0.9045).

November Spread (Volatile) ±0.0380

October Spread (Stable) ±0.0151

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 0.0220 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0220

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.8951) against the same month in 2022 (average: 0.8526), the exchange rate shifted by +0.0425 (+4.99%).

2023 Avg (January) 0.8951

2022 Avg (January) 0.8526

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9196	0.8822	0.8951
February	0.9109	0.8822	0.9002
March	0.9146	0.8843	0.9008
April	0.8898	0.8669	0.8788
May	0.9021	0.8717	0.8874
June	0.9023	0.8783	0.8901
July	0.8932	0.8576	0.8733
August	0.8941	0.8748	0.8840
September	0.9165	0.8926	0.9022
October	0.9196	0.9045	0.9120
November	0.9154	0.8773	0.8917
December	0.8955	0.8671	0.8828