2024 JMD to MKD Historical Review

YEARLY HIGH

0.3801 MKD

YEARLY LOW

0.3491 MKD

YEARLY AVERAGE

0.3639 MKD

2024 JMD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JMD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.3801. Conversely, the yearly low was recorded on September 24, dropping to 0.3491.

This high-to-low spread represents a total annual volatility of 0.0310 MKD. From a start-to-finish perspective, comparing the January average rate of 0.3637 to the December average rate of 0.3755, the exchange rate registered a net change of 3.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3801 was down 1.91% compared to the 2023 peak of 0.3875, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,901 MKD

2023 Average 1,848 MKD

Yearly Trough Low 1,746 MKD

Transaction Impact: A difference of 154.95 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3778

0.3505

JanuMarcMayJulySeptNove

JMD 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 0.3662, compared to 0.3616 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0046 points.

H1 Avg (Jan–Jun) 0.3662

H2 Avg (Jul–Dec) 0.3616

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0162 MKD (High: 0.3725 / Low: 0.3562). On the other end, January was the most stable month, with a tight range of 0.0060 MKD (High: 0.3659 / Low: 0.3599).

November Spread (Volatile) ±0.0162

January Spread (Stable) ±0.0060

Growth Streaks & Declines

Trends

Between January and April, 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 0.0062 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0062

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.3755) against the same month in 2023 (average: 0.3630), the exchange rate shifted by +0.0125 (+3.43%).

2024 Avg (December) 0.3755

2023 Avg (December) 0.3630

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3659	0.3599	0.3637
February	0.3680	0.3598	0.3648
March	0.3711	0.3619	0.3664
April	0.3745	0.3659	0.3703
May	0.3701	0.3624	0.3644
June	0.3701	0.3636	0.3674
July	0.3684	0.3597	0.3629
August	0.3651	0.3514	0.3567
September	0.3577	0.3491	0.3528
October	0.3601	0.3503	0.3565
November	0.3725	0.3562	0.3652
December	0.3801	0.3697	0.3755