2024 MKD to CLP Historical Review

YEARLY HIGH

17.5123 CLP

YEARLY LOW

15.6195 CLP

YEARLY AVERAGE

16.5917 CLP

2024 MKD to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 6, valuing the pair at 17.5123. Conversely, the yearly low was recorded on January 3, dropping to 15.6195.

This high-to-low spread represents a total annual volatility of 1.8928 CLP. From a start-to-finish perspective, comparing the January average rate of 16.1157 to the December average rate of 16.7473, the exchange rate registered a net change of 3.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 17.5123 was up 7.72% compared to the 2023 peak of 16.2579, 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 87,561 CLP

2023 Average 73,789 CLP

Yearly Trough Low 78,098 CLP

Transaction Impact: A difference of 9,463.79 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

17.1739

16.0014

JanuMarcMayJulySeptNove

MKD to CLP 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 16.5196, compared to 16.6637 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1441 points.

H1 Avg (Jan–Jun) 16.5196

H2 Avg (Jul–Dec) 16.6637

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.9963 CLP (High: 16.6401 / Low: 15.6439). On the other end, December was the most stable month, with a tight range of 0.2310 CLP (High: 16.8491 / Low: 16.6181).

May Spread (Volatile) ±0.9963

December Spread (Stable) ±0.2310

Growth Streaks & Declines

Trends

Between May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.5550 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.5550

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 17.0762) against the same month in 2023 (average: 14.0337), the exchange rate shifted by +3.0425 (+21.68%).

2024 Avg (March) 17.0762

2023 Avg (March) 14.0337

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.4219	15.6195	16.1157
February	17.4363	16.4919	16.9377
March	17.5123	16.6371	17.0762
April	17.1797	16.4149	16.6541
May	16.6401	15.6439	16.0991
June	16.6161	15.9654	16.2350
July	16.8082	16.0493	16.4759
August	16.9310	16.3531	16.6271
September	17.0529	16.3082	16.7177
October	16.9890	16.3378	16.6119
November	17.0318	16.5523	16.8022
December	16.8491	16.6181	16.7473