2024 AFN to MKD Historical Review

YEARLY HIGH

0.8752 MKD

YEARLY LOW

0.7511 MKD

YEARLY AVERAGE

0.8075 MKD

2024 AFN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AFN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 0.8752. Conversely, the yearly low was recorded on February 3, dropping to 0.7511.

This high-to-low spread represents a total annual volatility of 0.1241 MKD. From a start-to-finish perspective, comparing the January average rate of 0.7885 to the December average rate of 0.8461, the exchange rate registered a net change of 7.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.8752 was up 6.11% compared to the 2023 peak of 0.8248, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,376 MKD

2023 Average 3,468 MKD

Yearly Trough Low 3,756 MKD

Transaction Impact: A difference of 620.30 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.8628

0.7721

JanuMarcMayJulySeptNove

AFN 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 0.7931, compared to 0.8220 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0289 points.

H1 Avg (Jan–Jun) 0.7931

H2 Avg (Jul–Dec) 0.8220

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0682 MKD (High: 0.8729 / Low: 0.8047). On the other end, July was the most stable month, with a tight range of 0.0132 MKD (High: 0.8094 / Low: 0.7962).

October Spread (Volatile) ±0.0682

July Spread (Stable) ±0.0132

Growth Streaks & Declines

Trends

Between August and November, 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 July and August, when the average rate fell by 0.0124 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0124

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.8552) against the same month in 2023 (average: 0.7974), the exchange rate shifted by +0.0578 (+7.25%).

2024 Avg (November) 0.8552

2023 Avg (November) 0.7974

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8058	0.7621	0.7885
February	0.7910	0.7511	0.7797
March	0.8011	0.7745	0.7847
April	0.8103	0.7881	0.8000
May	0.8042	0.7859	0.7945
June	0.8227	0.7902	0.8110
July	0.8094	0.7962	0.8018
August	0.8070	0.7743	0.7894
September	0.8108	0.7812	0.7973
October	0.8729	0.8047	0.8420
November	0.8752	0.8367	0.8552
December	0.8655	0.8347	0.8461