2023 RON to MKD Historical Review

YEARLY HIGH

12.6919 MKD

YEARLY LOW

12.3307 MKD

YEARLY AVERAGE

12.4489 MKD

2023 RON to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RON to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 12.6919. Conversely, the yearly low was recorded on November 22, dropping to 12.3307.

This high-to-low spread represents a total annual volatility of 0.3612 MKD. From a start-to-finish perspective, comparing the January average rate of 12.5187 to the December average rate of 12.3886, the exchange rate registered a net change of -1.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.6919 was down 1.84% compared to the 2022 peak of 12.9297, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 63,459 MKD

2022 Average 62,470 MKD

Yearly Trough Low 61,653 MKD

Transaction Impact: A difference of 1,806.15 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.5564

12.3725

JanuMarcMayJulySeptNove

RON 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 12.4834, compared to 12.4145 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0690 points.

H1 Avg (Jan–Jun) 12.4834

H2 Avg (Jul–Dec) 12.4145

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.3069 MKD (High: 12.6919 / Low: 12.3850). On the other end, October was the most stable month, with a tight range of 0.0714 MKD (High: 12.4164 / Low: 12.3450).

July Spread (Volatile) ±0.3069

October Spread (Stable) ±0.0714

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0680 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0680

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 12.4639) against the same month in 2022 (average: 12.4762), the exchange rate shifted by -0.0124 (-0.10%).

2023 Avg (July) 12.4639

2022 Avg (July) 12.4762

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.6462	12.3964	12.5187
February	12.6888	12.4426	12.5411
March	12.6408	12.3844	12.5068
April	12.5331	12.3335	12.4640
May	12.5299	12.3583	12.4414
June	12.5435	12.3749	12.4286
July	12.6919	12.3850	12.4639
August	12.5549	12.4242	12.4591
September	12.4371	12.3485	12.3911
October	12.4164	12.3450	12.3879
November	12.4974	12.3307	12.3963
December	12.4988	12.3343	12.3886