2024 MAD to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MAD to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MAD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 5.9140. Conversely, the yearly low was recorded on March 8, dropping to 5.6041.
This high-to-low spread represents a total annual volatility of 0.3098 MKD. From a start-to-finish perspective, comparing the January average rate of 5.6671 to the December average rate of 5.8637, the exchange rate registered a net change of 3.47% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 5.9140 was up 1.89% compared to the 2023 peak of 5.8041, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MAD to MKD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 5.6846, compared to 5.7654 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0808 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was January, with a trading range of 0.1463 MKD (High: 5.7632 / Low: 5.6169). On the other end, March was the most stable month, with a tight range of 0.0547 MKD (High: 5.6589 / Low: 5.6041).
Growth Streaks & Declines
TrendsBetween March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0383 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 5.8637) against the same month in 2023 (average: 5.6157), the exchange rate shifted by +0.2481 (+4.42%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.7632 | 5.6169 | 5.6671 |
| February | 5.7222 | 5.6186 | 5.6714 |
| March | 5.6589 | 5.6041 | 5.6331 |
| April | 5.7547 | 5.6406 | 5.6892 |
| May | 5.7374 | 5.6677 | 5.6999 |
| June | 5.8000 | 5.6593 | 5.7466 |
| July | 5.7807 | 5.7254 | 5.7549 |
| August | 5.8111 | 5.6994 | 5.7298 |
| September | 5.7283 | 5.6708 | 5.6965 |
| October | 5.7795 | 5.6609 | 5.7334 |
| November | 5.8715 | 5.7398 | 5.8141 |
| December | 5.9140 | 5.8207 | 5.8637 |