2024 GMD to MKD Historical Review

YEARLY HIGH

0.8550 MKD

YEARLY LOW

0.7759 MKD

YEARLY AVERAGE

0.8271 MKD

2024 GMD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GMD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 15, valuing the pair at 0.8550. Conversely, the yearly low was recorded on August 27, dropping to 0.7759.

This high-to-low spread represents a total annual volatility of 0.0790 MKD. From a start-to-finish perspective, comparing the January average rate of 0.8381 to the December average rate of 0.8179, the exchange rate registered a net change of -2.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.8550 was down 11.72% compared to the 2023 peak of 0.9685, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,275 MKD

2023 Average 4,578 MKD

Yearly Trough Low 3,880 MKD

Transaction Impact: A difference of 395.19 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.8507

0.7916

JanuMarcMayJulySeptNove

GMD 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 0.8410, compared to 0.8133 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0276 points.

H1 Avg (Jan–Jun) 0.8410

H2 Avg (Jul–Dec) 0.8133

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0515 MKD (High: 0.8274 / Low: 0.7759). On the other end, March was the most stable month, with a tight range of 0.0119 MKD (High: 0.8401 / Low: 0.8282).

August Spread (Volatile) ±0.0515

March Spread (Stable) ±0.0119

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 0.0362 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0362

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.8458) against the same month in 2023 (average: 0.9077), the exchange rate shifted by -0.0619 (-6.82%).

2024 Avg (April) 0.8458

2023 Avg (April) 0.9077

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8434	0.8280	0.8381
February	0.8497	0.8367	0.8438
March	0.8401	0.8282	0.8337
April	0.8550	0.8348	0.8458
May	0.8523	0.8328	0.8402
June	0.8503	0.8329	0.8441
July	0.8460	0.8188	0.8365
August	0.8274	0.7759	0.8003
September	0.8091	0.7845	0.7965
October	0.8313	0.7907	0.8151
November	0.8321	0.7880	0.8135
December	0.8252	0.8096	0.8179