2024 MKD to AOA Historical Review

YEARLY HIGH

17.2461 AOA

YEARLY LOW

14.3828 AOA

YEARLY AVERAGE

15.3235 AOA

2024 MKD to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 17.2461. Conversely, the yearly low was recorded on April 15, dropping to 14.3828.

This high-to-low spread represents a total annual volatility of 2.8633 AOA. From a start-to-finish perspective, comparing the January average rate of 14.7256 to the December average rate of 15.5506, the exchange rate registered a net change of 5.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 17.2461 was up 14.44% compared to the 2023 peak of 15.0699, 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 86,230 AOA

2023 Average 60,319 AOA

Yearly Trough Low 71,914 AOA

Transaction Impact: A difference of 14,316.50 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

16.9677

14.3316

JanuMarcMayJulySeptNove

MKD to AOA 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 14.7210, compared to 15.9260 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2050 points.

H1 Avg (Jan–Jun) 14.7210

H2 Avg (Jul–Dec) 15.9260

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 1.2884 AOA (High: 17.2461 / Low: 15.9576). On the other end, February was the most stable month, with a tight range of 0.2559 AOA (High: 14.7277 / Low: 14.4718).

October Spread (Volatile) ±1.2884

February Spread (Stable) ±0.2559

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.5355 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.5355

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 16.2125) against the same month in 2023 (average: 14.2132), the exchange rate shifted by +1.9994 (+14.07%).

2024 Avg (October) 16.2125

2023 Avg (October) 14.2132

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.8848	14.6287	14.7256
February	14.7277	14.4718	14.5688
March	14.8515	14.5877	14.7329
April	14.7722	14.3828	14.5513
May	15.1075	14.4871	14.8055
June	15.1608	14.8460	14.9418
July	15.5617	15.0106	15.3653
August	16.4722	15.3728	15.9192
September	17.0920	16.4053	16.7480
October	17.2461	15.9576	16.2125
November	16.1763	15.4500	15.7603
December	15.6968	15.3851	15.5506