2024 BBD to MKD Historical Review

YEARLY HIGH

29.6824 MKD

YEARLY LOW

27.4502 MKD

YEARLY AVERAGE

28.4482 MKD

2024 BBD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BBD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 29.6824. Conversely, the yearly low was recorded on August 25, dropping to 27.4502.

This high-to-low spread represents a total annual volatility of 2.2322 MKD. From a start-to-finish perspective, comparing the January average rate of 28.1982 to the December average rate of 29.3669, the exchange rate registered a net change of 4.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 29.6824 was up 1.03% compared to the 2023 peak of 29.3809, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 148,412 MKD

2023 Average 142,346 MKD

Yearly Trough Low 137,251 MKD

Transaction Impact: A difference of 11,161.04 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

29.5332

27.5378

JanuMarcMayJulySeptNove

BBD 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 28.4701, compared to 28.4262 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0440 points.

H1 Avg (Jan–Jun) 28.4701

H2 Avg (Jul–Dec) 28.4262

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 1.3688 MKD (High: 29.5381 / Low: 28.1694). On the other end, March was the most stable month, with a tight range of 0.3930 MKD (High: 28.5215 / Low: 28.1285).

November Spread (Volatile) ±1.3688

March Spread (Stable) ±0.3930

Growth Streaks & Declines

Trends

Between September and December, 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 0.4265 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4265

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 29.3669) against the same month in 2023 (average: 28.1936), the exchange rate shifted by +1.1732 (+4.16%).

2024 Avg (December) 29.3669

2023 Avg (December) 28.1936

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	28.4346	27.8763	28.1982
February	28.7628	28.2630	28.5208
March	28.5215	28.1285	28.3184
April	29.0129	28.3426	28.7133
May	28.8705	28.2731	28.4702
June	28.8028	28.2142	28.5999
July	28.6575	28.1207	28.3693
August	28.5467	27.4502	27.9428
September	27.9390	27.5292	27.7040
October	28.5449	27.6730	28.2338
November	29.5381	28.1694	28.9402
December	29.6824	29.0716	29.3669