2023 XCD to MKD Historical Review

YEARLY HIGH

21.7431 MKD

YEARLY LOW

20.2667 MKD

YEARLY AVERAGE

21.0701 MKD

2023 XCD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the XCD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 21.7431. Conversely, the yearly low was recorded on July 16, dropping to 20.2667.

This high-to-low spread represents a total annual volatility of 1.4764 MKD. From a start-to-finish perspective, comparing the January average rate of 21.1596 to the December average rate of 20.8645, the exchange rate registered a net change of -1.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 21.7431 was down 8.11% compared to the 2022 peak of 23.6610, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 108,715 MKD

2022 Average 108,388 MKD

Yearly Trough Low 101,333 MKD

Transaction Impact: A difference of 7,382.04 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

21.6451

20.5158

JanuMarcMayJulySeptNove

XCD 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 21.0877, compared to 21.0524 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0353 points.

H1 Avg (Jan–Jun) 21.0877

H2 Avg (Jul–Dec) 21.0524

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.9073 MKD (High: 21.6431 / Low: 20.7358). On the other end, October was the most stable month, with a tight range of 0.3731 MKD (High: 21.7428 / Low: 21.3696).

November Spread (Volatile) ±0.9073

October Spread (Stable) ±0.3731

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 0.5227 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.5227

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 21.1596) against the same month in 2022 (average: 20.1425), the exchange rate shifted by +1.0171 (+5.05%).

2023 Avg (January) 21.1596

2022 Avg (January) 20.1425

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.7431	20.8582	21.1596
February	21.5504	20.8594	21.2868
March	21.6256	20.9085	21.2936
April	21.0380	20.4815	20.7709
May	21.3305	20.6098	20.9731
June	21.3346	20.7679	21.0422
July	20.9753	20.2667	20.6099
August	21.1174	20.6764	20.8861
September	21.6701	21.0807	21.3279
October	21.7428	21.3696	21.5510
November	21.6431	20.7358	21.0752
December	21.1724	20.5027	20.8645