2024 EUR to MKD Historical Review

YEARLY HIGH

62.1332 MKD

YEARLY LOW

61.0399 MKD

YEARLY AVERAGE

61.5554 MKD

2024 EUR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the EUR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 2, valuing the pair at 62.1332. Conversely, the yearly low was recorded on February 3, dropping to 61.0399.

This high-to-low spread represents a total annual volatility of 1.0932 MKD. From a start-to-finish perspective, comparing the January average rate of 61.5288 to the December average rate of 61.5048, the exchange rate registered a net change of -0.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 62.1332 was down 0.84% compared to the 2023 peak of 62.6573, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 310,666 MKD

2023 Average 308,079 MKD

Yearly Trough Low 305,200 MKD

Transaction Impact: A difference of 5,466.18 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

61.6150

61.4948

JanuMarcMayJulySeptNove

EUR 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 61.5614, compared to 61.5493 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0121 points.

H1 Avg (Jan–Jun) 61.5614

H2 Avg (Jul–Dec) 61.5493

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.7259 MKD (High: 61.7658 / Low: 61.0399). On the other end, July was the most stable month, with a tight range of 0.3666 MKD (High: 61.6909 / Low: 61.3243).

February Spread (Volatile) ±0.7259

July Spread (Stable) ±0.3666

Growth Streaks & Declines

Trends

Between June and August, 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 August and September, when the average rate fell by 0.0459 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0459

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 61.6050) against the same month in 2023 (average: 61.5805), the exchange rate shifted by +0.0246 (+0.04%).

2024 Avg (August) 61.6050

2023 Avg (August) 61.5805

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	61.6337	61.2041	61.5288
February	61.7658	61.0399	61.5735
March	61.8219	61.1910	61.5696
April	61.9263	61.2784	61.5683
May	61.8861	61.3378	61.5714
June	61.8159	61.3349	61.5568
July	61.6909	61.3243	61.5858
August	62.1332	61.4252	61.6050
September	61.7133	61.2780	61.5591
October	61.7507	61.0761	61.5316
November	61.8815	61.2887	61.5095
December	61.6114	61.0853	61.5048