2024 CNY to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CNY to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CNY to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 8.1563. Conversely, the yearly low was recorded on August 25, dropping to 7.7053.
This high-to-low spread represents a total annual volatility of 0.4510 MKD. From a start-to-finish perspective, comparing the January average rate of 7.9314 to the December average rate of 8.0661, the exchange rate registered a net change of 1.70% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 8.1563 was down 5.08% compared to the 2023 peak of 8.5928, indicating shifts in long-term support levels.
Comparing the value generated converting 25,000 CNY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
CNY 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 7.9313, compared to 7.9224 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0089 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 0.3018 MKD (High: 8.0933 / Low: 7.7915). On the other end, September was the most stable month, with a tight range of 0.0748 MKD (High: 7.8690 / Low: 7.7942).
Growth Streaks & Declines
TrendsBetween July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.1078 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 8.0321) against the same month in 2023 (average: 7.9051), the exchange rate shifted by +0.1270 (+1.61%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.0113 | 7.8169 | 7.9314 |
| February | 8.0599 | 7.8597 | 7.9694 |
| March | 7.9390 | 7.8255 | 7.8697 |
| April | 8.1321 | 7.8384 | 7.9446 |
| May | 8.0778 | 7.8253 | 7.9457 |
| June | 8.0933 | 7.7915 | 7.9267 |
| July | 7.9058 | 7.7463 | 7.8189 |
| August | 7.9472 | 7.7053 | 7.8203 |
| September | 7.8690 | 7.7942 | 7.8323 |
| October | 8.0132 | 7.8548 | 7.9648 |
| November | 8.1563 | 7.9315 | 8.0321 |
| December | 8.1362 | 8.0033 | 8.0661 |