2024 MKD to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MKD to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MKD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 52.6717. Conversely, the yearly low was recorded on November 22, dropping to 49.0044.
This high-to-low spread represents a total annual volatility of 3.6672 BIF. From a start-to-finish perspective, comparing the January average rate of 50.5969 to the December average rate of 50.1886, the exchange rate registered a net change of -0.81% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 52.6717 was up 1.86% compared to the 2023 peak of 51.7110, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MKD to BIF 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 50.3062, compared to 51.1058 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7996 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 2.5213 BIF (High: 51.5257 / Low: 49.0044). On the other end, March was the most stable month, with a tight range of 0.8648 BIF (High: 50.9891 / Low: 50.1244).
Growth Streaks & Declines
TrendsBetween 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 0.9728 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 52.2311) against the same month in 2023 (average: 49.2026), the exchange rate shifted by +3.0285 (+6.16%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 51.2362 | 50.2348 | 50.5969 |
| February | 50.8394 | 49.6296 | 50.1362 |
| March | 50.9891 | 50.1244 | 50.5125 |
| April | 50.5706 | 49.3885 | 49.9007 |
| May | 50.8569 | 49.6740 | 50.4026 |
| June | 50.9198 | 49.9048 | 50.2881 |
| July | 51.1734 | 50.1974 | 50.7387 |
| August | 52.4168 | 50.4219 | 51.5496 |
| September | 52.6717 | 51.6791 | 52.2311 |
| October | 52.4991 | 50.8037 | 51.4497 |
| November | 51.5257 | 49.0044 | 50.4769 |
| December | 50.8456 | 49.7257 | 50.1886 |