2024 IDR to MKD Historical Review

YEARLY HIGH

0.0037 MKD

YEARLY LOW

0.0035 MKD

YEARLY AVERAGE

0.0036 MKD

2024 IDR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the IDR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 0.0037. Conversely, the yearly low was recorded on August 5, dropping to 0.0035.

This high-to-low spread represents a total annual volatility of 0.0002 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0036 to the December average rate of 0.0037, the exchange rate registered a net change of 1.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0037 was down 4.28% compared to the 2023 peak of 0.0039, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 10,000,000 IDR based on timing:

Yearly Peak High 37,065 MKD

2023 Average 37,364 MKD

Yearly Trough Low 34,678 MKD

Transaction Impact: A difference of 2,387.32 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0037

0.0035

JanuMarcMayJulySeptNove

IDR 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 0.0036, compared to 0.0036 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0036

H2 Avg (Jul–Dec) 0.0036

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0001 MKD (High: 0.0037 / Low: 0.0036). On the other end, January was the most stable month, with a tight range of 0.0000 MKD (High: 0.0036 / Low: 0.0036).

November Spread (Volatile) ±0.0001

January Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0000 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.0037) against the same month in 2023 (average: 0.0037), the exchange rate shifted by -0.0000 (-0.07%).

2024 Avg (November) 0.0037

2023 Avg (November) 0.0037

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0036	0.0036	0.0036
February	0.0037	0.0036	0.0036
March	0.0036	0.0036	0.0036
April	0.0036	0.0035	0.0036
May	0.0036	0.0035	0.0035
June	0.0035	0.0035	0.0035
July	0.0035	0.0035	0.0035
August	0.0036	0.0035	0.0035
September	0.0036	0.0036	0.0036
October	0.0037	0.0036	0.0036
November	0.0037	0.0036	0.0037
December	0.0037	0.0036	0.0037