2024 MKD to CNY Historical Review

YEARLY HIGH

0.1298 CNY

YEARLY LOW

0.1226 CNY

YEARLY AVERAGE

0.1262 CNY

2024 MKD to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.1298. Conversely, the yearly low was recorded on November 22, dropping to 0.1226.

This high-to-low spread represents a total annual volatility of 0.0072 CNY. From a start-to-finish perspective, comparing the January average rate of 0.1261 to the December average rate of 0.1240, the exchange rate registered a net change of -1.67% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1298 was down 1.43% compared to the 2023 peak of 0.1317, 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 649 CNY

2023 Average 621 CNY

Yearly Trough Low 613 CNY

Transaction Impact: A difference of 35.88 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1283

0.1236

JanuMarcMayJulySeptNove

MKD to CNY 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 0.1261, compared to 0.1262 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) 0.1261

H2 Avg (Jul–Dec) 0.1262

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0048 CNY (High: 0.1283 / Low: 0.1236). On the other end, September was the most stable month, with a tight range of 0.0012 CNY (High: 0.1283 / Low: 0.1271).

June Spread (Volatile) ±0.0048

September Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between May and July, 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 0.0021 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0021

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.1279) against the same month in 2023 (average: 0.1283), the exchange rate shifted by -0.0004 (-0.30%).

2024 Avg (August) 0.1279

2023 Avg (August) 0.1283

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1279	0.1248	0.1261
February	0.1272	0.1241	0.1255
March	0.1278	0.1260	0.1271
April	0.1276	0.1230	0.1259
May	0.1278	0.1238	0.1259
June	0.1283	0.1236	0.1262
July	0.1291	0.1265	0.1279
August	0.1298	0.1258	0.1279
September	0.1283	0.1271	0.1277
October	0.1273	0.1248	0.1256
November	0.1261	0.1226	0.1245
December	0.1249	0.1229	0.1240