2024 MKD to BWP Historical Review

YEARLY HIGH

0.2472 BWP

YEARLY LOW

0.2300 BWP

YEARLY AVERAGE

0.2383 BWP

2024 MKD to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 0.2472. Conversely, the yearly low was recorded on December 12, dropping to 0.2300.

This high-to-low spread represents a total annual volatility of 0.0172 BWP. From a start-to-finish perspective, comparing the January average rate of 0.2408 to the December average rate of 0.2335, the exchange rate registered a net change of -3.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2472 was up 1.58% compared to the 2023 peak of 0.2433, 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 1,236 BWP

2023 Average 1,173 BWP

Yearly Trough Low 1,150 BWP

Transaction Impact: A difference of 85.92 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2420

0.2328

JanuMarcMayJulySeptNove

MKD to BWP 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 0.2398, compared to 0.2368 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0030 points.

H1 Avg (Jan–Jun) 0.2398

H2 Avg (Jul–Dec) 0.2368

Volatility Range Comparison

Volatility

The most volatile month in 2024 was April, with a trading range of 0.0102 BWP (High: 0.2472 / Low: 0.2370). On the other end, March was the most stable month, with a tight range of 0.0031 BWP (High: 0.2427 / Low: 0.2396).

April Spread (Volatile) ±0.0102

March Spread (Stable) ±0.0031

Growth Streaks & Declines

Trends

Between June and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0032 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.2395) against the same month in 2023 (average: 0.2338), the exchange rate shifted by +0.0056 (+2.41%).

2024 Avg (April) 0.2395

2023 Avg (April) 0.2338

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2425	0.2377	0.2408
February	0.2429	0.2375	0.2403
March	0.2427	0.2396	0.2412
April	0.2472	0.2370	0.2395
May	0.2460	0.2376	0.2389
June	0.2431	0.2342	0.2383
July	0.2402	0.2355	0.2388
August	0.2426	0.2371	0.2400
September	0.2408	0.2357	0.2390
October	0.2392	0.2337	0.2358
November	0.2365	0.2313	0.2340
December	0.2360	0.2300	0.2335