2024 BRL to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BRL to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BRL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 13, valuing the pair at 11.6131. Conversely, the yearly low was recorded on December 25, dropping to 8.7629.
This high-to-low spread represents a total annual volatility of 2.8502 MKD. From a start-to-finish perspective, comparing the January average rate of 11.4893 to the December average rate of 9.5968, the exchange rate registered a net change of -16.47% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 11.6131 was down 2.26% compared to the 2023 peak of 11.8811, indicating shifts in long-term support levels.
Comparing the value generated converting 25,000 BRL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
BRL to MKD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 11.2054, compared to 9.9866 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2188 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 1.0789 MKD (High: 9.8417 / Low: 8.7629). On the other end, February was the most stable month, with a tight range of 0.2374 MKD (High: 11.6131 / Low: 11.3757).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.4833 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 11.4896) against the same month in 2023 (average: 11.1074), the exchange rate shifted by +0.3822 (+3.44%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 11.5738 | 11.3330 | 11.4893 |
| February | 11.6131 | 11.3757 | 11.4896 |
| March | 11.5048 | 11.2465 | 11.3638 |
| April | 11.3475 | 10.9752 | 11.2033 |
| May | 11.2877 | 10.8072 | 11.0850 |
| June | 10.8072 | 10.2609 | 10.6017 |
| July | 10.5042 | 10.0307 | 10.2428 |
| August | 10.3115 | 9.8299 | 10.0618 |
| September | 10.1746 | 9.8511 | 10.0025 |
| October | 10.2840 | 9.7737 | 10.0452 |
| November | 10.1838 | 9.6309 | 9.9708 |
| December | 9.8417 | 8.7629 | 9.5968 |