2023 RSD to MKD Historical Review

YEARLY HIGH

0.5343 MKD

YEARLY LOW

0.5179 MKD

YEARLY AVERAGE

0.5252 MKD

2023 RSD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RSD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 0.5343. Conversely, the yearly low was recorded on November 14, dropping to 0.5179.

This high-to-low spread represents a total annual volatility of 0.0164 MKD. From a start-to-finish perspective, comparing the January average rate of 0.5255 to the December average rate of 0.5253, the exchange rate registered a net change of -0.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5343 was down 0.71% compared to the 2022 peak of 0.5381, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,671 MKD

2022 Average 2,622 MKD

Yearly Trough Low 2,590 MKD

Transaction Impact: A difference of 81.83 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5261

0.5246

JanuMarcMayJulySeptNove

RSD 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 0.5253, compared to 0.5251 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.5253

H2 Avg (Jul–Dec) 0.5251

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0135 MKD (High: 0.5343 / Low: 0.5208). On the other end, September was the most stable month, with a tight range of 0.0027 MKD (High: 0.5263 / Low: 0.5236).

July Spread (Volatile) ±0.0135

September Spread (Stable) ±0.0027

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 0.0008 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.5254) against the same month in 2022 (average: 0.5250), the exchange rate shifted by +0.0004 (+0.07%).

2023 Avg (July) 0.5254

2022 Avg (July) 0.5250

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5336	0.5208	0.5255
February	0.5306	0.5187	0.5247
March	0.5299	0.5198	0.5256
April	0.5274	0.5216	0.5251
May	0.5279	0.5211	0.5252
June	0.5308	0.5243	0.5259
July	0.5343	0.5208	0.5254
August	0.5289	0.5234	0.5251
September	0.5263	0.5236	0.5247
October	0.5262	0.5213	0.5248
November	0.5299	0.5179	0.5256
December	0.5301	0.5235	0.5253