2023 NPR to MKD Historical Review

YEARLY HIGH

0.4452 MKD

YEARLY LOW

0.4142 MKD

YEARLY AVERAGE

0.4311 MKD

2023 NPR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 0.4452. Conversely, the yearly low was recorded on December 28, dropping to 0.4142.

This high-to-low spread represents a total annual volatility of 0.0310 MKD. From a start-to-finish perspective, comparing the January average rate of 0.4368 to the December average rate of 0.4230, the exchange rate registered a net change of -3.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4452 was down 9.10% compared to the 2022 peak of 0.4898, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,226 MKD

2022 Average 2,330 MKD

Yearly Trough Low 2,071 MKD

Transaction Impact: A difference of 155.20 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4393

0.4215

JanuMarcMayJulySeptNove

NPR 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 0.4335, compared to 0.4288 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0047 points.

H1 Avg (Jan–Jun) 0.4335

H2 Avg (Jul–Dec) 0.4288

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0194 MKD (High: 0.4399 / Low: 0.4205). On the other end, October was the most stable month, with a tight range of 0.0070 MKD (High: 0.4412 / Low: 0.4341).

November Spread (Volatile) ±0.0194

October Spread (Stable) ±0.0070

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 October and November, when the average rate fell by 0.0099 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0099

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.4375) against the same month in 2022 (average: 0.4592), the exchange rate shifted by -0.0217 (-4.72%).

2023 Avg (March) 0.4375

2022 Avg (March) 0.4592

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4442	0.4317	0.4368
February	0.4404	0.4297	0.4353
March	0.4452	0.4299	0.4375
April	0.4341	0.4237	0.4284
May	0.4358	0.4256	0.4305
June	0.4379	0.4276	0.4324
July	0.4320	0.4173	0.4240
August	0.4314	0.4226	0.4260
September	0.4394	0.4303	0.4340
October	0.4412	0.4341	0.4378
November	0.4399	0.4205	0.4279
December	0.4287	0.4142	0.4230