2023 WST to MKD Historical Review

YEARLY HIGH

21.7834 MKD

YEARLY LOW

19.7891 MKD

YEARLY AVERAGE

20.8485 MKD

2023 WST to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the WST to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 21.7834. Conversely, the yearly low was recorded on December 28, dropping to 19.7891.

This high-to-low spread represents a total annual volatility of 1.9943 MKD. From a start-to-finish perspective, comparing the January average rate of 21.1989 to the December average rate of 20.1383, the exchange rate registered a net change of -5.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 21.7834 was down 6.56% compared to the 2022 peak of 23.3133, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 108,917 MKD

2022 Average 109,465 MKD

Yearly Trough Low 98,945 MKD

Transaction Impact: A difference of 9,971.58 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

21.4451

20.0195

JanuMarcMayJulySeptNove

WST 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 21.0181, compared to 20.6788 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3392 points.

H1 Avg (Jan–Jun) 21.0181

H2 Avg (Jul–Dec) 20.6788

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.9893 MKD (High: 21.6152 / Low: 20.6259). On the other end, August was the most stable month, with a tight range of 0.4384 MKD (High: 20.9935 / Low: 20.5551).

October Spread (Volatile) ±0.9893

August Spread (Stable) ±0.4384

Growth Streaks & Declines

Trends

Between April and June, 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 October and November, when the average rate fell by 0.8419 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.8419

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 21.1989) against the same month in 2022 (average: 20.9273), the exchange rate shifted by +0.2716 (+1.30%).

2023 Avg (January) 21.1989

2022 Avg (January) 20.9273

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.7834	20.8968	21.1989
February	21.5904	20.8981	21.3263
March	21.6656	20.7526	21.3261
April	20.8608	20.3090	20.5959
May	21.1509	20.4361	20.7964
June	21.1549	20.5929	20.8649
July	20.7986	20.0960	20.4431
August	20.9935	20.5551	20.7635
September	21.5430	20.9570	21.2028
October	21.6152	20.6259	21.1836
November	20.8898	20.0141	20.3417
December	20.4355	19.7891	20.1383