2023 PGK to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PGK to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PGK to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 16.6648. Conversely, the yearly low was recorded on December 30, dropping to 14.7392.
This high-to-low spread represents a total annual volatility of 1.9256 MKD. From a start-to-finish perspective, comparing the January average rate of 16.2321 to the December average rate of 15.0738, the exchange rate registered a net change of -7.14% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 16.6648 was down 8.20% compared to the 2022 peak of 18.1534, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PGK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
PGK to MKD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 16.1407, compared to 15.4981 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6427 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 0.9512 MKD (High: 16.1042 / Low: 15.1530). On the other end, May was the most stable month, with a tight range of 0.4755 MKD (High: 16.2881 / Low: 15.8126).
Growth Streaks & Declines
TrendsBetween January and March, 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 October and November, when the average rate fell by 0.5320 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 16.2321) against the same month in 2022 (average: 15.4507), the exchange rate shifted by +0.7814 (+5.06%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16.6648 | 16.0051 | 16.2321 |
| February | 16.5241 | 15.9959 | 16.3018 |
| March | 16.5858 | 16.0257 | 16.3400 |
| April | 16.1318 | 15.6421 | 15.9194 |
| May | 16.2881 | 15.8126 | 16.0462 |
| June | 16.3801 | 15.6986 | 16.0049 |
| July | 16.1042 | 15.1530 | 15.5983 |
| August | 16.0791 | 15.4178 | 15.6040 |
| September | 16.1030 | 15.5587 | 15.8160 |
| October | 16.0276 | 15.4268 | 15.7141 |
| November | 15.7498 | 14.8862 | 15.1822 |
| December | 15.3318 | 14.7392 | 15.0738 |