YEARLY HIGH
1.7420 MKD
YEARLY LOW
1.5708 MKD
YEARLY AVERAGE
1.6387 MKD

2023 THB to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the THB to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 1.7420. Conversely, the yearly low was recorded on October 8, dropping to 1.5708.

This high-to-low spread represents a total annual volatility of 0.1712 MKD. From a start-to-finish perspective, comparing the January average rate of 1.7223 to the December average rate of 1.6155, the exchange rate registered a net change of -6.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.7420 was up 0.97% compared to the 2022 peak of 1.7253, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 THB based on timing:

Yearly Peak High 435,508 MKD
2022 Average 418,080 MKD
Yearly Trough Low 392,712 MKD
Transaction Impact: A difference of 42,795.16 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.7349
1.5838
JanuMarcMayJulySeptNove

THB 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 1.6693, compared to 1.6081 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0611 points.

H1 Avg (Jan–Jun) 1.6693
H2 Avg (Jul–Dec) 1.6081

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0837 MKD (High: 1.6671 / Low: 1.5834). On the other end, December was the most stable month, with a tight range of 0.0342 MKD (High: 1.6299 / Low: 1.5956).

June Spread (Volatile) ±0.0837
December Spread (Stable) ±0.0342

Growth Streaks & Declines

Trends

Between October and December, 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 0.0335 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0335

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.7223) against the same month in 2022 (average: 1.6384), the exchange rate shifted by +0.0839 (+5.12%).

2023 Avg (January) 1.7223
2022 Avg (January) 1.6384

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.7420 1.6680 1.7223
February 1.7277 1.6527 1.6888
March 1.7067 1.6468 1.6723
April 1.6639 1.6155 1.6425
May 1.6781 1.6366 1.6585
June 1.6671 1.5834 1.6313
July 1.6354 1.5816 1.6087
August 1.6316 1.5950 1.6108
September 1.6262 1.5917 1.6098
October 1.6162 1.5708 1.5964
November 1.6270 1.5898 1.6076
December 1.6299 1.5956 1.6155