2024 IQD to MKD Historical Review

YEARLY HIGH

0.0453 MKD

YEARLY LOW

0.0418 MKD

YEARLY AVERAGE

0.0434 MKD

2024 IQD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the IQD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 0.0453. Conversely, the yearly low was recorded on September 25, dropping to 0.0418.

This high-to-low spread represents a total annual volatility of 0.0035 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0431 to the December average rate of 0.0449, the exchange rate registered a net change of 4.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0453 was up 1.01% compared to the 2023 peak of 0.0449, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 227 MKD

2023 Average 210 MKD

Yearly Trough Low 209 MKD

Transaction Impact: A difference of 17.45 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0451

0.0420

JanuMarcMayJulySeptNove

IQD 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 0.0435, compared to 0.0434 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0435

H2 Avg (Jul–Dec) 0.0434

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0021 MKD (High: 0.0451 / Low: 0.0430). On the other end, March was the most stable month, with a tight range of 0.0007 MKD (High: 0.0436 / Low: 0.0429).

November Spread (Volatile) ±0.0021

March Spread (Stable) ±0.0007

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 0.0006 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0449) against the same month in 2023 (average: 0.0430), the exchange rate shifted by +0.0018 (+4.25%).

2024 Avg (December) 0.0449

2023 Avg (December) 0.0430

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0434	0.0425	0.0431
February	0.0439	0.0431	0.0435
March	0.0436	0.0429	0.0433
April	0.0443	0.0433	0.0439
May	0.0441	0.0432	0.0435
June	0.0440	0.0431	0.0437
July	0.0438	0.0430	0.0433
August	0.0438	0.0421	0.0427
September	0.0427	0.0418	0.0423
October	0.0436	0.0422	0.0431
November	0.0451	0.0430	0.0442
December	0.0453	0.0444	0.0449