YEARLY HIGH
7.3428 AMD
YEARLY LOW
6.6295 AMD
YEARLY AVERAGE
6.8933 AMD

2023 MKD to AMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MKD to AMD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 7.3428. Conversely, the yearly low was recorded on September 27, dropping to 6.6295.

This high-to-low spread represents a total annual volatility of 0.7132 AMD. From a start-to-finish perspective, comparing the January average rate of 6.9179 to the December average rate of 7.1728, the exchange rate registered a net change of 3.68% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 7.3428 was down 20.62% compared to the 2022 peak of 9.2506, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 36,714 AMD
2022 Average 37,437 AMD
Yearly Trough Low 33,148 AMD
Transaction Impact: A difference of 3,566.13 AMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

7.2197
6.6566
JanuMarcMayJulySeptNove

MKD to AMD 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 6.8412, compared to 6.9454 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1043 points.

H1 Avg (Jan–Jun) 6.8412
H2 Avg (Jul–Dec) 6.9454

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.5675 AMD (High: 7.3358 / Low: 6.7683). On the other end, August was the most stable month, with a tight range of 0.1666 AMD (High: 6.9294 / Low: 6.7628).

October Spread (Volatile) ±0.5675
August Spread (Stable) ±0.1666

Growth Streaks & Declines

Trends

Between September and December, 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 August and September, when the average rate fell by 0.1432 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.1432

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 7.1728) against the same month in 2022 (average: 6.7815), the exchange rate shifted by +0.3912 (+5.77%).

2023 Avg (December) 7.1728
2022 Avg (December) 6.7815

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 7.0197 6.7016 6.9179
February 7.0331 6.6812 6.8507
March 6.8974 6.6480 6.7464
April 7.0363 6.8630 6.9166
May 6.9704 6.6849 6.8212
June 6.8970 6.6877 6.7944
July 7.1298 6.8004 6.9565
August 6.9294 6.7628 6.8467
September 6.8341 6.6295 6.7035
October 7.3358 6.7683 6.9367
November 7.1746 6.8698 7.0565
December 7.3428 7.0299 7.1728