2023 XAF to MKD Historical Review

YEARLY HIGH

0.0955 MKD

YEARLY LOW

0.0929 MKD

YEARLY AVERAGE

0.0939 MKD

2023 XAF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the XAF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.0955. Conversely, the yearly low was recorded on February 3, dropping to 0.0929.

This high-to-low spread represents a total annual volatility of 0.0027 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0940 to the December average rate of 0.0939, the exchange rate registered a net change of -0.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0955 was down 0.67% compared to the 2022 peak of 0.0962, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 478 MKD

2022 Average 470 MKD

Yearly Trough Low 464 MKD

Transaction Impact: A difference of 13.28 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0941

0.0938

JanuMarcMayJulySeptNove

XAF 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 0.0940, compared to 0.0939 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0940

H2 Avg (Jul–Dec) 0.0939

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0025 MKD (High: 0.0955 / Low: 0.0930). On the other end, October was the most stable month, with a tight range of 0.0006 MKD (High: 0.0940 / Low: 0.0935).

July Spread (Volatile) ±0.0025

October Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between February and April, 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 0.0002 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0940) against the same month in 2022 (average: 0.0940), the exchange rate shifted by +0.0001 (+0.09%).

2023 Avg (January) 0.0940

2022 Avg (January) 0.0940

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0955	0.0932	0.0940
February	0.0950	0.0929	0.0939
March	0.0948	0.0930	0.0940
April	0.0950	0.0929	0.0940
May	0.0955	0.0932	0.0940
June	0.0949	0.0937	0.0940
July	0.0955	0.0930	0.0939
August	0.0946	0.0936	0.0939
September	0.0943	0.0937	0.0938
October	0.0940	0.0935	0.0938
November	0.0947	0.0934	0.0939
December	0.0947	0.0935	0.0939