2023 PLN to MKD Historical Review

YEARLY HIGH

14.4461 MKD

YEARLY LOW

12.8508 MKD

YEARLY AVERAGE

13.5727 MKD

2023 PLN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PLN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 14.4461. Conversely, the yearly low was recorded on February 10, dropping to 12.8508.

This high-to-low spread represents a total annual volatility of 1.5953 MKD. From a start-to-finish perspective, comparing the January average rate of 13.1936 to the December average rate of 14.2166, the exchange rate registered a net change of 7.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 14.4461 was up 5.10% compared to the 2022 peak of 13.7451, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 PLN based on timing:

Yearly Peak High 288,922 MKD

2022 Average 263,053 MKD

Yearly Trough Low 257,017 MKD

Transaction Impact: A difference of 31,905.18 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

14.3405

12.8534

JanuMarcMayJulySeptNove

PLN 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 13.3269, compared to 13.8184 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4914 points.

H1 Avg (Jan–Jun) 13.3269

H2 Avg (Jul–Dec) 13.8184

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.7432 MKD (High: 13.7422 / Low: 12.9990). On the other end, August was the most stable month, with a tight range of 0.2228 MKD (High: 13.9620 / Low: 13.7392).

January Spread (Volatile) ±0.7432

August Spread (Stable) ±0.2228

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.4332 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.4332

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 14.2166) against the same month in 2022 (average: 13.1712), the exchange rate shifted by +1.0454 (+7.94%).

2023 Avg (December) 14.2166

2022 Avg (December) 13.1712

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.7422	12.9990	13.1936
February	13.2446	12.8508	12.9773
March	13.2711	12.9655	13.1332
April	13.4749	13.0589	13.2673
May	13.7229	13.3355	13.5642
June	13.9907	13.6764	13.8260
July	14.0957	13.7092	13.8585
August	13.9620	13.7392	13.8116
September	13.7525	13.2022	13.3783
October	13.9311	13.2851	13.6446
November	14.2742	13.7809	14.0007
December	14.4461	14.1422	14.2166