2024 HNL to MKD Historical Review

YEARLY HIGH

2.3468 MKD

YEARLY LOW

2.2143 MKD

YEARLY AVERAGE

2.2886 MKD

2024 HNL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HNL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 2.3468. Conversely, the yearly low was recorded on September 25, dropping to 2.2143.

This high-to-low spread represents a total annual volatility of 0.1325 MKD. From a start-to-finish perspective, comparing the January average rate of 2.2844 to the December average rate of 2.3169, the exchange rate registered a net change of 1.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.3468 was down 1.45% compared to the 2023 peak of 2.3814, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,734 MKD

2023 Average 11,544 MKD

Yearly Trough Low 11,072 MKD

Transaction Impact: A difference of 662.66 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.3340

2.2217

JanuMarcMayJulySeptNove

HNL 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 2.3028, compared to 2.2745 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0283 points.

H1 Avg (Jan–Jun) 2.3028

H2 Avg (Jul–Dec) 2.2745

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0978 MKD (High: 2.3415 / Low: 2.2437). On the other end, September was the most stable month, with a tight range of 0.0356 MKD (High: 2.2499 / Low: 2.2143).

November Spread (Volatile) ±0.0978

September Spread (Stable) ±0.0356

Growth Streaks & Declines

Trends

Between September and December, 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 July and August, when the average rate fell by 0.0361 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0361

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 2.3246) against the same month in 2023 (average: 2.2833), the exchange rate shifted by +0.0413 (+1.81%).

2024 Avg (April) 2.3246

2023 Avg (April) 2.2833

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3033	2.2533	2.2844
February	2.3268	2.2867	2.3075
March	2.3139	2.2718	2.2911
April	2.3468	2.2940	2.3246
May	2.3311	2.2851	2.3019
June	2.3303	2.2759	2.3072
July	2.3152	2.2707	2.2905
August	2.3012	2.2151	2.2544
September	2.2499	2.2143	2.2310
October	2.2781	2.2164	2.2568
November	2.3415	2.2437	2.2974
December	2.3382	2.2954	2.3169