2024 CLP to MKD Historical Review

YEARLY HIGH

0.0640 MKD

YEARLY LOW

0.0571 MKD

YEARLY AVERAGE

0.0603 MKD

2024 CLP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CLP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0640. Conversely, the yearly low was recorded on March 6, dropping to 0.0571.

This high-to-low spread represents a total annual volatility of 0.0069 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0621 to the December average rate of 0.0597, the exchange rate registered a net change of -3.79% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0640 was down 12.55% compared to the 2023 peak of 0.0732, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 CLP based on timing:

Yearly Peak High 64,022 MKD

2023 Average 67,919 MKD

Yearly Trough Low 57,103 MKD

Transaction Impact: A difference of 6,919.65 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0625

0.0582

JanuMarcMayJulySeptNove

CLP 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 0.0606, compared to 0.0600 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) 0.0606

H2 Avg (Jul–Dec) 0.0600

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0038 MKD (High: 0.0639 / Low: 0.0601). On the other end, December was the most stable month, with a tight range of 0.0008 MKD (High: 0.0602 / Low: 0.0594).

May Spread (Volatile) ±0.0038

December Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0030 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0030

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0621) against the same month in 2023 (average: 0.0695), the exchange rate shifted by -0.0074 (-10.68%).

2024 Avg (January) 0.0621

2023 Avg (January) 0.0695

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0640	0.0609	0.0621
February	0.0606	0.0574	0.0591
March	0.0601	0.0571	0.0586
April	0.0609	0.0582	0.0601
May	0.0639	0.0601	0.0621
June	0.0626	0.0602	0.0616
July	0.0623	0.0595	0.0607
August	0.0612	0.0591	0.0601
September	0.0613	0.0586	0.0598
October	0.0612	0.0589	0.0602
November	0.0604	0.0587	0.0595
December	0.0602	0.0594	0.0597