2024 FKP to MKD Historical Review

YEARLY HIGH

74.8067 MKD

YEARLY LOW

70.9601 MKD

YEARLY AVERAGE

72.7014 MKD

2024 FKP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the FKP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 74.8067. Conversely, the yearly low was recorded on January 1, dropping to 70.9601.

This high-to-low spread represents a total annual volatility of 3.8467 MKD. From a start-to-finish perspective, comparing the January average rate of 71.6691 to the December average rate of 74.2040, the exchange rate registered a net change of 3.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 74.8067 was up 2.07% compared to the 2023 peak of 73.2877, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 374,034 MKD

2023 Average 354,046 MKD

Yearly Trough Low 354,800 MKD

Transaction Impact: A difference of 19,233.29 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

74.4575

71.4156

JanuMarcMayJulySeptNove

FKP 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 72.0262, compared to 73.3766 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3504 points.

H1 Avg (Jan–Jun) 72.0262

H2 Avg (Jul–Dec) 73.3766

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 1.8216 MKD (High: 73.1866 / Low: 71.3650). On the other end, July was the most stable month, with a tight range of 0.8585 MKD (High: 73.3335 / Low: 72.4750).

August Spread (Volatile) ±1.8216

July Spread (Stable) ±0.8585

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.6753 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.6753

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 74.2040) against the same month in 2023 (average: 71.4178), the exchange rate shifted by +2.7862 (+3.90%).

2024 Avg (December) 74.2040

2023 Avg (December) 71.4178

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	72.3035	70.9601	71.6691
February	72.4266	71.4093	72.0502
March	72.3809	71.3276	71.9707
April	72.2871	71.3371	71.8369
May	72.3964	71.5267	71.9505
June	73.1763	72.2106	72.6799
July	73.3335	72.4750	73.0201
August	73.1866	71.3650	72.3447
September	73.9997	72.8320	73.2500
October	74.0878	72.6659	73.6609
November	74.3628	73.0720	73.7799
December	74.8067	73.8502	74.2040