2024 MKD to BDT Historical Review

YEARLY HIGH

2.1706 BDT

YEARLY LOW

1.8905 BDT

YEARLY AVERAGE

2.0293 BDT

2024 MKD to BDT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to BDT exchange rate experienced significant fluctuation. The market reached its absolute peak on September 25, valuing the pair at 2.1706. Conversely, the yearly low was recorded on April 16, dropping to 1.8905.

This high-to-low spread represents a total annual volatility of 0.2802 BDT. From a start-to-finish perspective, comparing the January average rate of 1.9458 to the December average rate of 2.0341, the exchange rate registered a net change of 4.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.1706 was up 9.03% compared to the 2023 peak of 1.9908, 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 10,853 BDT

2023 Average 9,489 BDT

Yearly Trough Low 9,452 BDT

Transaction Impact: A difference of 1,400.79 BDT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.1818

1.8859

JanuMarcMayJulySeptNove

MKD to BDT 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 1.9652, compared to 2.0934 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1282 points.

H1 Avg (Jan–Jun) 1.9652

H2 Avg (Jul–Dec) 2.0934

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.1719 BDT (High: 2.0724 / Low: 1.9005). On the other end, March was the most stable month, with a tight range of 0.0301 BDT (High: 1.9515 / Low: 1.9214).

May Spread (Volatile) ±0.1719

March Spread (Stable) ±0.0301

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 October and November, when the average rate fell by 0.0525 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0525

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2.1571) against the same month in 2023 (average: 1.9047), the exchange rate shifted by +0.2524 (+13.25%).

2024 Avg (September) 2.1571

2023 Avg (September) 1.9047

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9740	1.9288	1.9458
February	1.9420	1.9079	1.9244
March	1.9515	1.9214	1.9367
April	1.9364	1.8905	1.9106
May	2.0724	1.9005	2.0196
June	2.0800	2.0395	2.0540
July	2.0883	2.0502	2.0705
August	2.1696	2.0563	2.1153
September	2.1706	2.1380	2.1571
October	2.1609	2.0927	2.1178
November	2.1216	2.0232	2.0653
December	2.0561	2.0133	2.0341