2023 TZS to MKD Historical Review

YEARLY HIGH

0.0251 MKD

YEARLY LOW

0.0220 MKD

YEARLY AVERAGE

0.0235 MKD

2023 TZS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TZS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.0251. Conversely, the yearly low was recorded on December 28, dropping to 0.0220.

This high-to-low spread represents a total annual volatility of 0.0031 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0245 to the December average rate of 0.0224, the exchange rate registered a net change of -8.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0251 was down 8.33% compared to the 2022 peak of 0.0274, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 126 MKD

2022 Average 126 MKD

Yearly Trough Low 110 MKD

Transaction Impact: A difference of 15.74 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0249

0.0222

JanuMarcMayJulySeptNove

TZS 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 0.0243, compared to 0.0228 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.0243

H2 Avg (Jul–Dec) 0.0228

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0011 MKD (High: 0.0235 / Low: 0.0224). On the other end, October was the most stable month, with a tight range of 0.0003 MKD (High: 0.0234 / Low: 0.0231).

July Spread (Volatile) ±0.0011

October Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between January and March, 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 June and July, when the average rate fell by 0.0010 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0245) against the same month in 2022 (average: 0.0236), the exchange rate shifted by +0.0009 (+3.76%).

2023 Avg (January) 0.0245

2022 Avg (January) 0.0236

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0251	0.0242	0.0245
February	0.0250	0.0241	0.0246
March	0.0251	0.0242	0.0247
April	0.0243	0.0235	0.0239
May	0.0244	0.0237	0.0240
June	0.0244	0.0233	0.0238
July	0.0235	0.0224	0.0228
August	0.0228	0.0224	0.0226
September	0.0233	0.0227	0.0230
October	0.0234	0.0231	0.0232
November	0.0234	0.0224	0.0228
December	0.0228	0.0220	0.0224