2024 MKD to BOB Historical Review

YEARLY HIGH

0.1255 BOB

YEARLY LOW

0.1164 BOB

YEARLY AVERAGE

0.1215 BOB

2024 MKD to BOB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to BOB exchange rate experienced significant fluctuation. The market reached its absolute peak on August 24, valuing the pair at 0.1255. Conversely, the yearly low was recorded on December 19, dropping to 0.1164.

This high-to-low spread represents a total annual volatility of 0.0091 BOB. From a start-to-finish perspective, comparing the January average rate of 0.1225 to the December average rate of 0.1177, the exchange rate registered a net change of -3.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1255 was down 0.49% compared to the 2023 peak of 0.1262, 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 628 BOB

2023 Average 607 BOB

Yearly Trough Low 582 BOB

Transaction Impact: A difference of 45.62 BOB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1255

0.1169

JanuMarcMayJulySeptNove

MKD to BOB 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 0.1214, compared to 0.1216 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.1214

H2 Avg (Jul–Dec) 0.1216

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0057 BOB (High: 0.1227 / Low: 0.1170). On the other end, September was the most stable month, with a tight range of 0.0019 BOB (High: 0.1255 / Low: 0.1236).

November Spread (Volatile) ±0.0057

September Spread (Stable) ±0.0019

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 0.0030 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0030

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.1236) against the same month in 2023 (average: 0.1224), the exchange rate shifted by +0.0012 (+0.94%).

2024 Avg (August) 0.1236

2023 Avg (August) 0.1224

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1243	0.1215	0.1225
February	0.1223	0.1201	0.1212
March	0.1232	0.1211	0.1220
April	0.1219	0.1191	0.1205
May	0.1222	0.1197	0.1214
June	0.1224	0.1199	0.1208
July	0.1228	0.1206	0.1218
August	0.1255	0.1209	0.1236
September	0.1255	0.1236	0.1248
October	0.1250	0.1210	0.1225
November	0.1227	0.1170	0.1196
December	0.1189	0.1164	0.1177