2023 OMR to MKD Historical Review

YEARLY HIGH

152.7833 MKD

YEARLY LOW

142.2721 MKD

YEARLY AVERAGE

147.9420 MKD

2023 OMR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the OMR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 152.7833. Conversely, the yearly low was recorded on July 15, dropping to 142.2721.

This high-to-low spread represents a total annual volatility of 10.5111 MKD. From a start-to-finish perspective, comparing the January average rate of 148.5475 to the December average rate of 146.4631, the exchange rate registered a net change of -1.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 152.7833 was down 8.01% compared to the 2022 peak of 166.0914, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 763,916 MKD

2022 Average 760,841 MKD

Yearly Trough Low 711,361 MKD

Transaction Impact: A difference of 52,555.61 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

151.9541

144.0426

JanuMarcMayJulySeptNove

OMR 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 148.0835, compared to 147.8005 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2830 points.

H1 Avg (Jan–Jun) 148.0835

H2 Avg (Jul–Dec) 147.8005

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 6.3868 MKD (High: 151.9446 / Low: 145.5578). On the other end, October was the most stable month, with a tight range of 2.5934 MKD (High: 152.6252 / Low: 150.0318).

November Spread (Volatile) ±6.3868

October Spread (Stable) ±2.5934

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 3.7726 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -3.7726

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 148.5475) against the same month in 2022 (average: 141.4008), the exchange rate shifted by +7.1466 (+5.05%).

2023 Avg (January) 148.5475

2022 Avg (January) 141.4008

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	152.7833	146.4040	148.5475
February	151.7162	146.4407	149.4823
March	151.8003	146.7633	149.6203
April	147.2633	144.3363	145.8477
May	149.7279	144.6609	147.2559
June	149.7601	145.7920	147.7473
July	147.2440	142.2721	144.7019
August	148.2357	145.1403	146.5981
September	152.1118	147.9787	149.7384
October	152.6252	150.0318	151.2948
November	151.9446	145.5578	148.0069
December	148.6237	143.9333	146.4631