2024 EGP to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 EGP to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the EGP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 13, valuing the pair at 1.8616. Conversely, the yearly low was recorded on August 25, dropping to 1.1252.
This high-to-low spread represents a total annual volatility of 0.7364 MKD. From a start-to-finish perspective, comparing the January average rate of 1.8258 to the December average rate of 1.1615, the exchange rate registered a net change of -36.38% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 1.8616 was down 21.18% compared to the 2023 peak of 2.3619, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EGP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
EGP 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 1.4275, compared to 1.1601 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2674 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 0.7081 MKD (High: 1.8467 / Low: 1.1386). On the other end, July was the most stable month, with a tight range of 0.0217 MKD (High: 1.1886 / Low: 1.1669).
Growth Streaks & Declines
TrendsBetween August and November, 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 February and March, when the average rate fell by 0.5564 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 1.8455) against the same month in 2023 (average: 1.8878), the exchange rate shifted by -0.0423 (-2.24%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.8404 | 1.7966 | 1.8258 |
| February | 1.8616 | 1.8283 | 1.8455 |
| March | 1.8467 | 1.1386 | 1.2890 |
| April | 1.2135 | 1.1902 | 1.2012 |
| May | 1.2166 | 1.1911 | 1.2043 |
| June | 1.2084 | 1.1861 | 1.1990 |
| July | 1.1886 | 1.1669 | 1.1778 |
| August | 1.1726 | 1.1252 | 1.1428 |
| September | 1.1550 | 1.1317 | 1.1437 |
| October | 1.1716 | 1.1441 | 1.1623 |
| November | 1.1962 | 1.1463 | 1.1723 |
| December | 1.1784 | 1.1519 | 1.1615 |