2024 MKD to AED Historical Review

YEARLY HIGH

0.0669 AED

YEARLY LOW

0.0619 AED

YEARLY AVERAGE

0.0646 AED

2024 MKD to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.0669. Conversely, the yearly low was recorded on December 19, dropping to 0.0619.

This high-to-low spread represents a total annual volatility of 0.0050 AED. From a start-to-finish perspective, comparing the January average rate of 0.0651 to the December average rate of 0.0625, the exchange rate registered a net change of -3.98% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0669 was down 0.24% compared to the 2023 peak of 0.0671, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 335 AED

2023 Average 323 AED

Yearly Trough Low 309 AED

Transaction Impact: A difference of 25.15 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0667

0.0622

JanuMarcMayJulySeptNove

MKD to AED 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 0.0645, compared to 0.0646 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0645

H2 Avg (Jul–Dec) 0.0646

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0030 AED (High: 0.0652 / Low: 0.0622). On the other end, March was the most stable month, with a tight range of 0.0009 AED (High: 0.0653 / Low: 0.0644).

November Spread (Volatile) ±0.0030

March Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between June and September, 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 October and November, when the average rate fell by 0.0016 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.0657) against the same month in 2023 (average: 0.0651), the exchange rate shifted by +0.0007 (+1.01%).

2024 Avg (August) 0.0657

2023 Avg (August) 0.0651

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0659	0.0646	0.0651
February	0.0650	0.0638	0.0644
March	0.0653	0.0644	0.0648
April	0.0648	0.0633	0.0640
May	0.0650	0.0636	0.0645
June	0.0651	0.0638	0.0642
July	0.0653	0.0641	0.0647
August	0.0669	0.0643	0.0657
September	0.0667	0.0657	0.0663
October	0.0664	0.0643	0.0651
November	0.0652	0.0622	0.0635
December	0.0632	0.0619	0.0625