2024 CVE to MKD Historical Review

YEARLY HIGH

0.5666 MKD

YEARLY LOW

0.5513 MKD

YEARLY AVERAGE

0.5577 MKD

2024 CVE to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 6, valuing the pair at 0.5666. Conversely, the yearly low was recorded on May 4, dropping to 0.5513.

This high-to-low spread represents a total annual volatility of 0.0153 MKD. From a start-to-finish perspective, comparing the January average rate of 0.5576 to the December average rate of 0.5581, the exchange rate registered a net change of 0.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5666 was up 0.01% compared to the 2023 peak of 0.5665, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,833 MKD

2023 Average 2,789 MKD

Yearly Trough Low 2,756 MKD

Transaction Impact: A difference of 76.57 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5592

0.5568

JanuMarcMayJulySeptNove

CVE 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 0.5579, compared to 0.5576 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.5579

H2 Avg (Jul–Dec) 0.5576

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0128 MKD (High: 0.5666 / Low: 0.5538). On the other end, September was the most stable month, with a tight range of 0.0035 MKD (High: 0.5590 / Low: 0.5555).

November Spread (Volatile) ±0.0128

September Spread (Stable) ±0.0035

Growth Streaks & Declines

Trends

Between May and July, 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 April and May, when the average rate fell by 0.0017 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.5578) against the same month in 2023 (average: 0.5571), the exchange rate shifted by +0.0007 (+0.13%).

2024 Avg (November) 0.5578

2023 Avg (November) 0.5571

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5600	0.5533	0.5576
February	0.5623	0.5536	0.5577
March	0.5616	0.5550	0.5577
April	0.5663	0.5548	0.5590
May	0.5588	0.5513	0.5574
June	0.5601	0.5549	0.5577
July	0.5595	0.5537	0.5579
August	0.5589	0.5544	0.5570
September	0.5590	0.5555	0.5575
October	0.5599	0.5538	0.5574
November	0.5666	0.5538	0.5578
December	0.5618	0.5554	0.5581