2024 CAD to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CAD to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CAD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 15, valuing the pair at 42.5767. Conversely, the yearly low was recorded on November 1, dropping to 40.4771.
This high-to-low spread represents a total annual volatility of 2.0996 MKD. From a start-to-finish perspective, comparing the January average rate of 42.0305 to the December average rate of 41.1842, the exchange rate registered a net change of -2.01% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 42.5767 was down 2.65% compared to the 2023 peak of 43.7340, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
CAD 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 41.9164, compared to 41.1286 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7878 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 1.9026 MKD (High: 42.3798 / Low: 40.4771). On the other end, April was the most stable month, with a tight range of 0.5654 MKD (High: 42.2589 / Low: 41.6936).
Growth Streaks & Declines
TrendsBetween August and November, 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 0.4787 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 42.2699) against the same month in 2023 (average: 42.7473), the exchange rate shifted by -0.4774 (-1.12%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 42.4017 | 41.7843 | 42.0305 |
| February | 42.5767 | 41.8665 | 42.2699 |
| March | 42.2244 | 41.5546 | 41.8267 |
| April | 42.2589 | 41.6936 | 41.9768 |
| May | 42.0513 | 41.3116 | 41.6607 |
| June | 42.0505 | 41.3015 | 41.7341 |
| July | 41.8509 | 40.9796 | 41.3701 |
| August | 41.2715 | 40.6384 | 40.8914 |
| September | 41.2265 | 40.5853 | 40.8969 |
| October | 41.3127 | 40.6152 | 41.0366 |
| November | 42.3798 | 40.4771 | 41.3925 |
| December | 41.7108 | 40.8090 | 41.1842 |