2023 CDF to MKD Historical Review

YEARLY HIGH

0.0289 MKD

YEARLY LOW

0.0200 MKD

YEARLY AVERAGE

0.0246 MKD

2023 CDF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CDF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.0289. Conversely, the yearly low was recorded on December 21, dropping to 0.0200.

This high-to-low spread represents a total annual volatility of 0.0088 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0279 to the December average rate of 0.0207, the exchange rate registered a net change of -25.79% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0289 was down 7.38% compared to the 2022 peak of 0.0312, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 144 MKD

2022 Average 145 MKD

Yearly Trough Low 100 MKD

Transaction Impact: A difference of 44.22 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0286

0.0200

JanuMarcMayJulySeptNove

CDF 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 0.0268, compared to 0.0225 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0043 points.

H1 Avg (Jan–Jun) 0.0268

H2 Avg (Jul–Dec) 0.0225

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0032 MKD (High: 0.0277 / Low: 0.0246). On the other end, August was the most stable month, with a tight range of 0.0006 MKD (High: 0.0231 / Low: 0.0225).

May Spread (Volatile) ±0.0032

August Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between July and September, 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 May and June, when the average rate fell by 0.0019 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0279) against the same month in 2022 (average: 0.0271), the exchange rate shifted by +0.0008 (+2.83%).

2023 Avg (January) 0.0279

2022 Avg (January) 0.0271

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0289	0.0273	0.0279
February	0.0284	0.0274	0.0279
March	0.0284	0.0272	0.0278
April	0.0277	0.0255	0.0270
May	0.0277	0.0246	0.0260
June	0.0248	0.0235	0.0241
July	0.0235	0.0218	0.0226
August	0.0231	0.0225	0.0228
September	0.0235	0.0229	0.0232
October	0.0237	0.0224	0.0231
November	0.0236	0.0207	0.0224
December	0.0214	0.0200	0.0207

2023 CDF నుండి MKD చారిత్రక సమీక్ష