2024 BMD to MKD Historical Review

YEARLY HIGH

59.3647 MKD

YEARLY LOW

54.9003 MKD

YEARLY AVERAGE

56.8963 MKD

2024 BMD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BMD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 59.3647. Conversely, the yearly low was recorded on August 25, dropping to 54.9003.

This high-to-low spread represents a total annual volatility of 4.4644 MKD. From a start-to-finish perspective, comparing the January average rate of 56.3963 to the December average rate of 58.7338, 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 59.3647 was up 1.03% compared to the 2023 peak of 58.7618, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 296,824 MKD

2023 Average 284,693 MKD

Yearly Trough Low 274,502 MKD

Transaction Impact: A difference of 22,322.07 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

59.0663

55.0755

JanuMarcMayJulySeptNove

BMD 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 56.9403, compared to 56.8523 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0879 points.

H1 Avg (Jan–Jun) 56.9403

H2 Avg (Jul–Dec) 56.8523

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 2.7375 MKD (High: 59.0763 / Low: 56.3387). On the other end, March was the most stable month, with a tight range of 0.7859 MKD (High: 57.0430 / Low: 56.2571).

November Spread (Volatile) ±2.7375

March Spread (Stable) ±0.7859

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 0.8530 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.8530

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 58.7338) against the same month in 2023 (average: 56.3873), the exchange rate shifted by +2.3465 (+4.16%).

2024 Avg (December) 58.7338

2023 Avg (December) 56.3873

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	56.8693	55.7526	56.3963
February	57.5255	56.5260	57.0416
March	57.0430	56.2571	56.6368
April	58.0258	56.6852	57.4267
May	57.7411	56.5463	56.9404
June	57.6055	56.4284	57.1998
July	57.3149	56.2414	56.7386
August	57.0935	54.9003	55.8856
September	55.8779	55.0584	55.4081
October	57.0897	55.3460	56.4676
November	59.0763	56.3387	57.8804
December	59.3647	58.1432	58.7338