2023 TRY to MKD Historical Review

YEARLY HIGH

3.1296 MKD

YEARLY LOW

1.8747 MKD

YEARLY AVERAGE

2.4712 MKD

2023 TRY to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 3.1296. Conversely, the yearly low was recorded on December 28, dropping to 1.8747.

This high-to-low spread represents a total annual volatility of 1.2550 MKD. From a start-to-finish perspective, comparing the January average rate of 3.0449 to the December average rate of 1.9379, the exchange rate registered a net change of -36.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.1296 was down 24.72% compared to the 2022 peak of 4.1575, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 156,482 MKD

2022 Average 178,386 MKD

Yearly Trough Low 93,733 MKD

Transaction Impact: A difference of 62,749.05 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3.1634

1.8265

JanuMarcMayJulySeptNove

TRY 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 2.8842, compared to 2.0583 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8259 points.

H1 Avg (Jan–Jun) 2.8842

H2 Avg (Jul–Dec) 2.0583

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.6000 MKD (High: 2.7586 / Low: 2.1586). On the other end, September was the most stable month, with a tight range of 0.0258 MKD (High: 2.1455 / Low: 2.1197).

June Spread (Volatile) ±0.6000

September Spread (Stable) ±0.0258

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.4568 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.4568

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 3.0449) against the same month in 2022 (average: 4.0238), the exchange rate shifted by -0.9789 (-24.33%).

2023 Avg (January) 3.0449

2022 Avg (January) 4.0238

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.1296	2.9972	3.0449
February	3.0839	2.9954	3.0520
March	3.0861	2.9460	3.0288
April	2.9518	2.8454	2.9021
May	2.8870	2.7771	2.8669
June	2.7586	2.1586	2.4101
July	2.1875	2.0327	2.1046
August	2.1984	2.0684	2.0974
September	2.1455	2.1197	2.1340
October	2.1371	2.0539	2.0886
November	2.0648	1.9375	1.9873
December	1.9786	1.8747	1.9379