2023 SVC to MKD Historical Review

YEARLY HIGH

6.7128 MKD

YEARLY LOW

6.2596 MKD

YEARLY AVERAGE

6.5107 MKD

2023 SVC to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SVC to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 6.7128. Conversely, the yearly low was recorded on July 18, dropping to 6.2596.

This high-to-low spread represents a total annual volatility of 0.4533 MKD. From a start-to-finish perspective, comparing the January average rate of 6.5352 to the December average rate of 6.4376, the exchange rate registered a net change of -1.49% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 6.7128 was down 8.12% compared to the 2022 peak of 7.3063, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 33,564 MKD

2022 Average 33,476 MKD

Yearly Trough Low 31,298 MKD

Transaction Impact: A difference of 2,266.29 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

6.6900

6.3445

JanuMarcMayJulySeptNove

SVC 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 6.5165, compared to 6.5049 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) 6.5165

H2 Avg (Jul–Dec) 6.5049

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.2868 MKD (High: 6.6960 / Low: 6.4092). On the other end, October was the most stable month, with a tight range of 0.1101 MKD (High: 6.7128 / Low: 6.6028).

November Spread (Volatile) ±0.2868

October Spread (Stable) ±0.1101

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.1646 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1646

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 6.6612) against the same month in 2022 (average: 7.1653), the exchange rate shifted by -0.5042 (-7.04%).

2023 Avg (October) 6.6612

2022 Avg (October) 7.1653

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.7101	6.4415	6.5352
February	6.6568	6.4431	6.5740
March	6.6804	6.4571	6.5868
April	6.4904	6.3541	6.4222
May	6.5908	6.3669	6.4808
June	6.5922	6.4118	6.5003
July	6.4778	6.2596	6.3733
August	6.5238	6.3846	6.4512
September	6.6859	6.5101	6.5889
October	6.7128	6.6028	6.6612
November	6.6960	6.4092	6.5173
December	6.5301	6.3003	6.4376