2024 DOP to MKD Historical Review

YEARLY HIGH

0.9921 MKD

YEARLY LOW

0.9125 MKD

YEARLY AVERAGE

0.9574 MKD

2024 DOP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the DOP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 1, valuing the pair at 0.9921. Conversely, the yearly low was recorded on September 28, dropping to 0.9125.

This high-to-low spread represents a total annual volatility of 0.0796 MKD. From a start-to-finish perspective, comparing the January average rate of 0.9624 to the December average rate of 0.9677, the exchange rate registered a net change of 0.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9921 was down 6.49% compared to the 2023 peak of 1.0610, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,960 MKD

2023 Average 5,086 MKD

Yearly Trough Low 4,562 MKD

Transaction Impact: A difference of 398.17 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9789

0.9183

JanuMarcMayJulySeptNove

DOP 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 0.9676, compared to 0.9472 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0204 points.

H1 Avg (Jan–Jun) 0.9676

H2 Avg (Jul–Dec) 0.9472

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0484 MKD (High: 0.9800 / Low: 0.9316). On the other end, July was the most stable month, with a tight range of 0.0162 MKD (High: 0.9698 / Low: 0.9536).

November Spread (Volatile) ±0.0484

July Spread (Stable) ±0.0162

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 0.0216 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0216

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.9739) against the same month in 2023 (average: 1.0394), the exchange rate shifted by -0.0655 (-6.30%).

2024 Avg (May) 0.9739

2023 Avg (May) 1.0394

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9733	0.9561	0.9624
February	0.9812	0.9589	0.9718
March	0.9711	0.9525	0.9598
April	0.9826	0.9564	0.9720
May	0.9921	0.9569	0.9739
June	0.9761	0.9530	0.9654
July	0.9698	0.9536	0.9592
August	0.9652	0.9202	0.9377
September	0.9351	0.9125	0.9234
October	0.9464	0.9144	0.9359
November	0.9800	0.9316	0.9591
December	0.9760	0.9595	0.9677