2024 BGN to MKD Historical Review

YEARLY HIGH

31.7506 MKD

YEARLY LOW

31.1945 MKD

YEARLY AVERAGE

31.4712 MKD

2024 BGN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 3, valuing the pair at 31.7506. Conversely, the yearly low was recorded on February 2, dropping to 31.1945.

This high-to-low spread represents a total annual volatility of 0.5560 MKD. From a start-to-finish perspective, comparing the January average rate of 31.4545 to the December average rate of 31.4513, the exchange rate registered a net change of -0.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 31.7506 was down 0.90% compared to the 2023 peak of 32.0400, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 158,753 MKD

2023 Average 157,458 MKD

Yearly Trough Low 155,973 MKD

Transaction Impact: A difference of 2,780.05 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

31.5006

31.4403

JanuMarcMayJulySeptNove

BGN 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 31.4752, compared to 31.4671 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0081 points.

H1 Avg (Jan–Jun) 31.4752

H2 Avg (Jul–Dec) 31.4671

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.3839 MKD (High: 31.5785 / Low: 31.1945). On the other end, July was the most stable month, with a tight range of 0.1091 MKD (High: 31.5392 / Low: 31.4301).

February Spread (Volatile) ±0.3839

July Spread (Stable) ±0.1091

Growth Streaks & Declines

Trends

Between June and August, 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 August and September, when the average rate fell by 0.0252 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0252

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 31.4956) against the same month in 2023 (average: 31.4816), the exchange rate shifted by +0.0140 (+0.04%).

2024 Avg (August) 31.4956

2023 Avg (August) 31.4816

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.5211	31.3506	31.4545
February	31.5785	31.1945	31.4783
March	31.5897	31.2992	31.4782
April	31.6539	31.3817	31.4869
May	31.5441	31.3925	31.4776
June	31.6273	31.4275	31.4759
July	31.5392	31.4301	31.4820
August	31.7506	31.4097	31.4956
September	31.5288	31.3468	31.4704
October	31.5845	31.2231	31.4579
November	31.5080	31.3417	31.4453
December	31.4970	31.3592	31.4513