2024 ETB to MKD Historical Review

YEARLY HIGH

1.0207 MKD

YEARLY LOW

0.4576 MKD

YEARLY AVERAGE

0.7845 MKD

2024 ETB to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ETB to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 1.0207. Conversely, the yearly low was recorded on October 3, dropping to 0.4576.

This high-to-low spread represents a total annual volatility of 0.5631 MKD. From a start-to-finish perspective, comparing the January average rate of 0.9995 to the December average rate of 0.4638, the exchange rate registered a net change of -53.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.0207 was down 6.63% compared to the 2023 peak of 1.0932, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,103 MKD

2023 Average 5,202 MKD

Yearly Trough Low 2,288 MKD

Transaction Impact: A difference of 2,815.44 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.0637

0.4093

JanuMarcMayJulySeptNove

ETB 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 1.0004, compared to 0.5687 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4317 points.

H1 Avg (Jan–Jun) 1.0004

H2 Avg (Jul–Dec) 0.5687

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.2433 MKD (High: 0.9978 / Low: 0.7545). On the other end, March was the most stable month, with a tight range of 0.0156 MKD (High: 1.0069 / Low: 0.9913).

July Spread (Volatile) ±0.2433

March Spread (Stable) ±0.0156

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.4257 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.4257

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 1.0092) against the same month in 2023 (average: 1.0362), the exchange rate shifted by -0.0270 (-2.61%).

2024 Avg (April) 1.0092

2023 Avg (April) 1.0362

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0110	0.9872	0.9995
February	1.0178	0.9984	1.0074
March	1.0069	0.9913	0.9983
April	1.0207	0.9958	1.0092
May	1.0094	0.9853	0.9932
June	1.0070	0.9823	0.9947
July	0.9978	0.7545	0.9762
August	0.7244	0.4886	0.5506
September	0.5036	0.4594	0.4802
October	0.4778	0.4576	0.4691
November	0.4825	0.4604	0.4721
December	0.4750	0.4585	0.4638