2024 MKD to BRL Historical Review

YEARLY HIGH

0.1141 BRL

YEARLY LOW

0.0861 BRL

YEARLY AVERAGE

0.0948 BRL

2024 MKD to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 0.1141. Conversely, the yearly low was recorded on February 13, dropping to 0.0861.

This high-to-low spread represents a total annual volatility of 0.0280 BRL. From a start-to-finish perspective, comparing the January average rate of 0.0870 to the December average rate of 0.1042, the exchange rate registered a net change of 19.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1141 was up 21.88% compared to the 2023 peak of 0.0936, 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 571 BRL

2023 Average 439 BRL

Yearly Trough Low 431 BRL

Transaction Impact: A difference of 140.04 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1060

0.0853

JanuMarcMayJulySeptNove

MKD to BRL 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 0.0893, compared to 0.1002 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0109 points.

H1 Avg (Jan–Jun) 0.0893

H2 Avg (Jul–Dec) 0.1002

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0125 BRL (High: 0.1141 / Low: 0.1016). On the other end, February was the most stable month, with a tight range of 0.0018 BRL (High: 0.0879 / Low: 0.0861).

December Spread (Volatile) ±0.0125

February Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0004 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.1042) against the same month in 2023 (average: 0.0868), the exchange rate shifted by +0.0174 (+20.02%).

2024 Avg (December) 0.1042

2023 Avg (December) 0.0868

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0882	0.0864	0.0870
February	0.0879	0.0861	0.0870
March	0.0889	0.0869	0.0880
April	0.0911	0.0881	0.0893
May	0.0925	0.0886	0.0902
June	0.0975	0.0925	0.0943
July	0.0997	0.0952	0.0977
August	0.1017	0.0970	0.0994
September	0.1015	0.0983	0.1000
October	0.1023	0.0972	0.0996
November	0.1038	0.0982	0.1003
December	0.1141	0.1016	0.1042