2024 ILS to MKD Historical Review

YEARLY HIGH

16.4671 MKD

YEARLY LOW

14.5467 MKD

YEARLY AVERAGE

15.3776 MKD

2024 ILS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ILS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 12, valuing the pair at 16.4671. Conversely, the yearly low was recorded on October 3, dropping to 14.5467.

This high-to-low spread represents a total annual volatility of 1.9204 MKD. From a start-to-finish perspective, comparing the January average rate of 15.2093 to the December average rate of 16.2104, the exchange rate registered a net change of 6.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 16.4671 was down 2.31% compared to the 2023 peak of 16.8568, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 82,336 MKD

2023 Average 77,335 MKD

Yearly Trough Low 72,733 MKD

Transaction Impact: A difference of 9,602.24 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

16.3460

14.7187

JanuMarcMayJulySeptNove

ILS 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 15.4066, compared to 15.3487 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0579 points.

H1 Avg (Jan–Jun) 15.4066

H2 Avg (Jul–Dec) 15.3487

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 1.0615 MKD (High: 16.0987 / Low: 15.0372). On the other end, May was the most stable month, with a tight range of 0.2781 MKD (High: 15.5206 / Low: 15.2425).

November Spread (Volatile) ±1.0615

May Spread (Stable) ±0.2781

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 0.4317 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4317

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 16.2104) against the same month in 2023 (average: 15.3896), the exchange rate shifted by +0.8208 (+5.33%).

2024 Avg (December) 16.2104

2023 Avg (December) 15.3896

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.5641	14.9136	15.2093
February	15.9638	15.4556	15.6543
March	15.9847	15.3409	15.5921
April	15.5981	15.0338	15.2788
May	15.5206	15.2425	15.3821
June	15.5068	15.1129	15.3229
July	15.6461	15.1334	15.4500
August	15.3493	14.6923	15.0183
September	15.3193	14.5770	14.8543
October	15.3074	14.5467	14.9972
November	16.0987	15.0372	15.5616
December	16.4671	15.9982	16.2104