2024 KES to MKD Historical Review

YEARLY HIGH

0.4587 MKD

YEARLY LOW

0.3468 MKD

YEARLY AVERAGE

0.4245 MKD

2024 KES to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the KES to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 22, valuing the pair at 0.4587. Conversely, the yearly low was recorded on January 24, dropping to 0.3468.

This high-to-low spread represents a total annual volatility of 0.1119 MKD. From a start-to-finish perspective, comparing the January average rate of 0.3530 to the December average rate of 0.4542, the exchange rate registered a net change of 28.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4587 was down 3.48% compared to the 2023 peak of 0.4752, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,293 MKD

2023 Average 2,045 MKD

Yearly Trough Low 1,734 MKD

Transaction Impact: A difference of 559.48 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4643

0.3429

JanuMarcMayJulySeptNove

KES 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 0.4087, compared to 0.4403 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0316 points.

H1 Avg (Jan–Jun) 0.4087

H2 Avg (Jul–Dec) 0.4403

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0529 MKD (High: 0.4007 / Low: 0.3478). On the other end, September was the most stable month, with a tight range of 0.0064 MKD (High: 0.4332 / Low: 0.4268).

February Spread (Volatile) ±0.0529

September Spread (Stable) ±0.0064

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 0.0070 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0070

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.4542) against the same month in 2023 (average: 0.3651), the exchange rate shifted by +0.0891 (+24.40%).

2024 Avg (December) 0.4542

2023 Avg (December) 0.3651

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3608	0.3468	0.3530
February	0.4007	0.3478	0.3750
March	0.4320	0.3878	0.4124
April	0.4534	0.4278	0.4374
May	0.4428	0.4235	0.4329
June	0.4483	0.4325	0.4413
July	0.4459	0.4312	0.4397
August	0.4394	0.4256	0.4327
September	0.4332	0.4268	0.4297
October	0.4426	0.4287	0.4376
November	0.4580	0.4367	0.4478
December	0.4587	0.4490	0.4542