2024 BIF to MKD Historical Review

YEARLY HIGH

0.0204 MKD

YEARLY LOW

0.0190 MKD

YEARLY AVERAGE

0.0197 MKD

2024 BIF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BIF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 0.0204. Conversely, the yearly low was recorded on September 26, dropping to 0.0190.

This high-to-low spread represents a total annual volatility of 0.0014 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0198 to the December average rate of 0.0199, the exchange rate registered a net change of 0.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0204 was down 28.13% compared to the 2023 peak of 0.0284, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 102 MKD

2023 Average 114 MKD

Yearly Trough Low 95 MKD

Transaction Impact: A difference of 7.10 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0201

0.0191

JanuMarcMayJulySeptNove

BIF 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 0.0199, compared to 0.0196 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0199

H2 Avg (Jul–Dec) 0.0196

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0010 MKD (High: 0.0204 / Low: 0.0194). On the other end, March was the most stable month, with a tight range of 0.0003 MKD (High: 0.0200 / Low: 0.0196).

November Spread (Volatile) ±0.0010

March Spread (Stable) ±0.0003

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 0.0003 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.0198) against the same month in 2023 (average: 0.0201), the exchange rate shifted by -0.0002 (-1.22%).

2024 Avg (November) 0.0198

2023 Avg (November) 0.0201

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0199	0.0195	0.0198
February	0.0201	0.0197	0.0199
March	0.0200	0.0196	0.0198
April	0.0202	0.0198	0.0200
May	0.0201	0.0197	0.0198
June	0.0200	0.0196	0.0199
July	0.0199	0.0195	0.0197
August	0.0198	0.0191	0.0194
September	0.0194	0.0190	0.0191
October	0.0197	0.0190	0.0194
November	0.0204	0.0194	0.0198
December	0.0201	0.0197	0.0199