2024 KWD to MKD Historical Review

YEARLY HIGH

192.7532 MKD

YEARLY LOW

179.8771 MKD

YEARLY AVERAGE

185.4082 MKD

2024 KWD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the KWD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 192.7532. Conversely, the yearly low was recorded on August 25, dropping to 179.8771.

This high-to-low spread represents a total annual volatility of 12.8761 MKD. From a start-to-finish perspective, comparing the January average rate of 183.3626 to the December average rate of 190.8655, the exchange rate registered a net change of 4.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 192.7532 was up 0.37% compared to the 2023 peak of 192.0509, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 963,766 MKD

2023 Average 926,382 MKD

Yearly Trough Low 899,386 MKD

Transaction Impact: A difference of 64,380.42 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

191.7987

180.6006

JanuMarcMayJulySeptNove

KWD 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 185.2276, compared to 185.5889 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3612 points.

H1 Avg (Jan–Jun) 185.2276

H2 Avg (Jul–Dec) 185.5889

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 7.9320 MKD (High: 191.8940 / Low: 183.9620). On the other end, March was the most stable month, with a tight range of 2.1988 MKD (High: 185.4024 / Low: 183.2036).

November Spread (Volatile) ±7.9320

March Spread (Stable) ±2.1988

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 2.6186 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -2.6186

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 190.8655) against the same month in 2023 (average: 183.1440), the exchange rate shifted by +7.7215 (+4.22%).

2024 Avg (December) 190.8655

2023 Avg (December) 183.1440

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	184.8577	181.1208	183.3626
February	186.6475	183.7587	185.3174
March	185.4024	183.2036	184.2251
April	188.3692	184.3918	186.5159
May	187.3615	184.3231	185.3679
June	188.0005	184.1068	186.5769
July	186.9920	184.1137	185.5169
August	186.8144	179.8771	182.8983
September	182.8376	180.2822	181.5338
October	186.2370	180.8940	184.2925
November	191.8940	183.9620	188.4261
December	192.7532	189.2824	190.8655