2023 YER to MKD Historical Review

YEARLY HIGH

0.2348 MKD

YEARLY LOW

0.2188 MKD

YEARLY AVERAGE

0.2275 MKD

2023 YER to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the YER to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.2348. Conversely, the yearly low was recorded on July 15, dropping to 0.2188.

This high-to-low spread represents a total annual volatility of 0.0160 MKD. From a start-to-finish perspective, comparing the January average rate of 0.2284 to the December average rate of 0.2253, the exchange rate registered a net change of -1.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2348 was down 8.09% compared to the 2022 peak of 0.2554, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,174 MKD

2022 Average 1,170 MKD

Yearly Trough Low 1,094 MKD

Transaction Impact: A difference of 79.83 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2337

0.2215

JanuMarcMayJulySeptNove

YER 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 0.2277, compared to 0.2273 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.2277

H2 Avg (Jul–Dec) 0.2273

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0098 MKD (High: 0.2337 / Low: 0.2239). On the other end, October was the most stable month, with a tight range of 0.0040 MKD (High: 0.2347 / Low: 0.2307).

November Spread (Volatile) ±0.0098

October Spread (Stable) ±0.0040

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 0.0057 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0057

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2284) against the same month in 2022 (average: 0.2175), the exchange rate shifted by +0.0109 (+5.02%).

2023 Avg (January) 0.2284

2022 Avg (January) 0.2175

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2348	0.2251	0.2284
February	0.2326	0.2251	0.2298
March	0.2335	0.2257	0.2299
April	0.2271	0.2211	0.2242
May	0.2303	0.2225	0.2264
June	0.2303	0.2242	0.2272
July	0.2264	0.2188	0.2225
August	0.2281	0.2232	0.2255
September	0.2339	0.2277	0.2302
October	0.2347	0.2307	0.2327
November	0.2337	0.2239	0.2275
December	0.2286	0.2214	0.2253