2024 CDF to MKD Historical Review

YEARLY HIGH

0.0212 MKD

YEARLY LOW

0.0192 MKD

YEARLY AVERAGE

0.0202 MKD

2024 CDF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CDF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 19, valuing the pair at 0.0212. Conversely, the yearly low was recorded on September 28, dropping to 0.0192.

This high-to-low spread represents a total annual volatility of 0.0020 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0207 to the December average rate of 0.0206, the exchange rate registered a net change of -0.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0212 was down 26.53% compared to the 2023 peak of 0.0289, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 106 MKD

2023 Average 123 MKD

Yearly Trough Low 96 MKD

Transaction Impact: A difference of 9.89 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0208

0.0193

JanuMarcMayJulySeptNove

CDF 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 0.0205, compared to 0.0199 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0205

H2 Avg (Jul–Dec) 0.0199

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0009 MKD (High: 0.0207 / Low: 0.0198). On the other end, March was the most stable month, with a tight range of 0.0003 MKD (High: 0.0206 / Low: 0.0203).

November Spread (Volatile) ±0.0009

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 (January 2024: 0.0207) against the same month in 2023 (average: 0.0279), the exchange rate shifted by -0.0072 (-25.77%).

2024 Avg (January) 0.0207

2023 Avg (January) 0.0279

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0212	0.0204	0.0207
February	0.0209	0.0205	0.0207
March	0.0206	0.0203	0.0204
April	0.0208	0.0202	0.0206
May	0.0207	0.0201	0.0204
June	0.0204	0.0200	0.0202
July	0.0201	0.0197	0.0200
August	0.0200	0.0194	0.0196
September	0.0197	0.0192	0.0195
October	0.0201	0.0194	0.0198
November	0.0207	0.0198	0.0202
December	0.0209	0.0203	0.0206