2024 ISK to MKD Historical Review

YEARLY HIGH

0.4276 MKD

YEARLY LOW

0.4013 MKD

YEARLY AVERAGE

0.4124 MKD

2024 ISK to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.4276. Conversely, the yearly low was recorded on September 4, dropping to 0.4013.

This high-to-low spread represents a total annual volatility of 0.0263 MKD. From a start-to-finish perspective, comparing the January average rate of 0.4119 to the December average rate of 0.4235, the exchange rate registered a net change of 2.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4276 was down 2.05% compared to the 2023 peak of 0.4365, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,138 MKD

2023 Average 2,066 MKD

Yearly Trough Low 2,006 MKD

Transaction Impact: A difference of 131.57 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4254

0.4028

JanuMarcMayJulySeptNove

ISK 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 0.4118, compared to 0.4130 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.4118

H2 Avg (Jul–Dec) 0.4130

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0146 MKD (High: 0.4259 / Low: 0.4113). On the other end, July was the most stable month, with a tight range of 0.0029 MKD (High: 0.4134 / Low: 0.4105).

November Spread (Volatile) ±0.0146

July Spread (Stable) ±0.0029

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 0.0063 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0063

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.4235) against the same month in 2023 (average: 0.4090), the exchange rate shifted by +0.0145 (+3.53%).

2024 Avg (December) 0.4235

2023 Avg (December) 0.4090

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4179	0.4075	0.4119
February	0.4166	0.4112	0.4141
March	0.4167	0.4093	0.4128
April	0.4120	0.4073	0.4094
May	0.4143	0.4081	0.4102
June	0.4144	0.4102	0.4124
July	0.4134	0.4105	0.4120
August	0.4125	0.4019	0.4057
September	0.4087	0.4013	0.4047
October	0.4153	0.4085	0.4127
November	0.4259	0.4113	0.4192
December	0.4276	0.4212	0.4235