2024 MGA to MKD Historical Review

YEARLY HIGH

0.0133 MKD

YEARLY LOW

0.0120 MKD

YEARLY AVERAGE

0.0125 MKD

2024 MGA to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MGA to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 0.0133. Conversely, the yearly low was recorded on August 23, dropping to 0.0120.

This high-to-low spread represents a total annual volatility of 0.0013 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0124 to the December average rate of 0.0125, the exchange rate registered a net change of 1.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0133 was down 2.17% compared to the 2023 peak of 0.0136, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 66 MKD

2023 Average 64 MKD

Yearly Trough Low 60 MKD

Transaction Impact: A difference of 6.31 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0132

0.0121

JanuMarcMayJulySeptNove

MGA 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 0.0127, compared to 0.0124 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0127

H2 Avg (Jul–Dec) 0.0124

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0006 MKD (High: 0.0131 / Low: 0.0125). On the other end, September was the most stable month, with a tight range of 0.0002 MKD (High: 0.0123 / Low: 0.0121).

March Spread (Volatile) ±0.0006

September Spread (Stable) ±0.0002

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 0.0004 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0131) against the same month in 2023 (average: 0.0128), the exchange rate shifted by +0.0002 (+1.88%).

2024 Avg (April) 0.0131

2023 Avg (April) 0.0128

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0126	0.0121	0.0124
February	0.0126	0.0124	0.0126
March	0.0131	0.0125	0.0127
April	0.0133	0.0129	0.0131
May	0.0130	0.0127	0.0128
June	0.0129	0.0127	0.0128
July	0.0128	0.0125	0.0126
August	0.0125	0.0120	0.0122
September	0.0123	0.0121	0.0122
October	0.0124	0.0121	0.0123
November	0.0127	0.0122	0.0124
December	0.0127	0.0124	0.0125