2024 BAM to MKD Historical Review

YEARLY HIGH

31.8028 MKD

YEARLY LOW

31.2234 MKD

YEARLY AVERAGE

31.4757 MKD

2024 BAM to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BAM to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 10, valuing the pair at 31.8028. Conversely, the yearly low was recorded on October 3, dropping to 31.2234.

This high-to-low spread represents a total annual volatility of 0.5794 MKD. From a start-to-finish perspective, comparing the January average rate of 31.4717 to the December average rate of 31.4715, the exchange rate registered a net change of -0.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 31.8028 was down 0.28% compared to the 2023 peak of 31.8931, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 159,014 MKD

2023 Average 157,460 MKD

Yearly Trough Low 156,117 MKD

Transaction Impact: A difference of 2,897.11 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

31.5200

31.4490

JanuMarcMayJulySeptNove

BAM 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 31.4824, compared to 31.4689 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0135 points.

H1 Avg (Jan–Jun) 31.4824

H2 Avg (Jul–Dec) 31.4689

Volatility Range Comparison

Volatility

The most volatile month in 2024 was April, with a trading range of 0.4347 MKD (High: 31.8028 / Low: 31.3681). On the other end, July was the most stable month, with a tight range of 0.1986 MKD (High: 31.5473 / Low: 31.3487).

April Spread (Volatile) ±0.4347

July Spread (Stable) ±0.1986

Growth Streaks & Declines

Trends

Between May and July, 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 April and May, when the average rate fell by 0.0511 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0511

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 31.5141) against the same month in 2023 (average: 31.4973), the exchange rate shifted by +0.0168 (+0.05%).

2024 Avg (April) 31.5141

2023 Avg (April) 31.4973

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.5862	31.3286	31.4717
February	31.7001	31.3936	31.4933
March	31.6615	31.3309	31.4750
April	31.8028	31.3681	31.5141
May	31.5357	31.3187	31.4630
June	31.6847	31.2872	31.4776
July	31.5473	31.3487	31.4789
August	31.5457	31.2555	31.4549
September	31.6039	31.3481	31.4782
October	31.5688	31.2234	31.4625
November	31.6604	31.3252	31.4676
December	31.6747	31.3136	31.4715