2023 PKR to MKD Historical Review

YEARLY HIGH

0.2579 MKD

YEARLY LOW

0.1851 MKD

YEARLY AVERAGE

0.2046 MKD

2023 PKR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.2579. Conversely, the yearly low was recorded on August 30, dropping to 0.1851.

This high-to-low spread represents a total annual volatility of 0.0728 MKD. From a start-to-finish perspective, comparing the January average rate of 0.2452 to the December average rate of 0.1999, the exchange rate registered a net change of -18.47% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2579 was down 19.17% compared to the 2022 peak of 0.3191, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 PKR based on timing:

Yearly Peak High 128,949 MKD

2022 Average 144,054 MKD

Yearly Trough Low 92,535 MKD

Transaction Impact: A difference of 36,413.62 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2505

0.1871

JanuMarcMayJulySeptNove

PKR 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 0.2104, compared to 0.1988 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0116 points.

H1 Avg (Jan–Jun) 0.2104

H2 Avg (Jul–Dec) 0.1988

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0462 MKD (High: 0.2579 / Low: 0.2117). On the other end, December was the most stable month, with a tight range of 0.0058 MKD (High: 0.2023 / Low: 0.1965).

January Spread (Volatile) ±0.0462

December Spread (Stable) ±0.0058

Growth Streaks & Declines

Trends

Between April and June, 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 January and February, when the average rate fell by 0.0284 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0284

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2452) against the same month in 2022 (average: 0.3083), the exchange rate shifted by -0.0631 (-20.47%).

2023 Avg (January) 0.2452

2022 Avg (January) 0.3083

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2579	0.2117	0.2452
February	0.2271	0.2083	0.2168
March	0.2204	0.1992	0.2055
April	0.2004	0.1943	0.1979
May	0.2020	0.1908	0.1984
June	0.2022	0.1956	0.1984
July	0.2072	0.1918	0.1979
August	0.1984	0.1851	0.1924
September	0.2028	0.1859	0.1937
October	0.2113	0.2010	0.2085
November	0.2087	0.1961	0.2005
December	0.2023	0.1965	0.1999