2023 VUV to MKD Historical Review

YEARLY HIGH

0.4978 MKD

YEARLY LOW

0.4603 MKD

YEARLY AVERAGE

0.4800 MKD

2023 VUV to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the VUV to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.4978. Conversely, the yearly low was recorded on July 16, dropping to 0.4603.

This high-to-low spread represents a total annual volatility of 0.0374 MKD. From a start-to-finish perspective, comparing the January average rate of 0.4844 to the December average rate of 0.4750, the exchange rate registered a net change of -1.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4978 was down 6.90% compared to the 2022 peak of 0.5347, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,489 MKD

2022 Average 2,506 MKD

Yearly Trough Low 2,302 MKD

Transaction Impact: A difference of 187.24 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4928

0.4660

JanuMarcMayJulySeptNove

VUV 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 0.4809, compared to 0.4791 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.4809

H2 Avg (Jul–Dec) 0.4791

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0207 MKD (High: 0.4927 / Low: 0.4720). On the other end, October was the most stable month, with a tight range of 0.0085 MKD (High: 0.4949 / Low: 0.4865).

November Spread (Volatile) ±0.0207

October Spread (Stable) ±0.0085

Growth Streaks & Declines

Trends

Between July and October, 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 March and April, when the average rate fell by 0.0156 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0156

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.4844) against the same month in 2022 (average: 0.4807), the exchange rate shifted by +0.0037 (+0.78%).

2023 Avg (January) 0.4844

2022 Avg (January) 0.4807

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4978	0.4775	0.4844
February	0.4934	0.4776	0.4873
March	0.4951	0.4754	0.4874
April	0.4779	0.4652	0.4718
May	0.4845	0.4681	0.4764
June	0.4846	0.4717	0.4780
July	0.4764	0.4603	0.4683
August	0.4807	0.4707	0.4754
September	0.4933	0.4799	0.4855
October	0.4949	0.4865	0.4906
November	0.4927	0.4720	0.4797
December	0.4820	0.4667	0.4750