2024 BZD to MKD Historical Review

YEARLY HIGH

29.5406 MKD

YEARLY LOW

27.3026 MKD

YEARLY AVERAGE

28.2346 MKD

2024 BZD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BZD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 29.5406. Conversely, the yearly low was recorded on August 24, dropping to 27.3026.

This high-to-low spread represents a total annual volatility of 2.2380 MKD. From a start-to-finish perspective, comparing the January average rate of 27.9831 to the December average rate of 29.1899, the exchange rate registered a net change of 4.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 29.5406 was up 1.37% compared to the 2023 peak of 29.1415, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 147,703 MKD

2023 Average 141,313 MKD

Yearly Trough Low 136,513 MKD

Transaction Impact: A difference of 11,189.96 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

29.3605

27.3133

JanuMarcMayJulySeptNove

BZD 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 28.2549, compared to 28.2143 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0405 points.

H1 Avg (Jan–Jun) 28.2549

H2 Avg (Jul–Dec) 28.2143

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 1.3593 MKD (High: 29.3030 / Low: 27.9437). On the other end, September was the most stable month, with a tight range of 0.4163 MKD (High: 27.7288 / Low: 27.3125).

November Spread (Volatile) ±1.3593

September Spread (Stable) ±0.4163

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 0.4081 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4081

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 29.1899) against the same month in 2023 (average: 27.9452), the exchange rate shifted by +1.2447 (+4.45%).

2024 Avg (December) 29.1899

2023 Avg (December) 27.9452

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	28.2273	27.5817	27.9831
February	28.5381	28.0373	28.2940
March	28.3365	27.9004	28.1146
April	28.8006	28.1224	28.5012
May	28.6484	28.0578	28.2600
June	28.5824	28.0124	28.3762
July	28.4333	27.9147	28.1578
August	28.3496	27.3026	27.7497
September	27.7288	27.3125	27.4839
October	28.3284	27.4350	27.9958
November	29.3030	27.9437	28.7089
December	29.5406	28.8342	29.1899