2024 MKD to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MKD to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MKD to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 4, valuing the pair at 78.7473. Conversely, the yearly low was recorded on April 13, dropping to 66.1425.
This high-to-low spread represents a total annual volatility of 12.6049 COP. From a start-to-finish perspective, comparing the January average rate of 69.5021 to the December average rate of 74.7758, the exchange rate registered a net change of 7.59% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 78.7473 was down 8.35% compared to the 2023 peak of 85.9229, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MKD to COP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 68.8740, compared to 74.2643 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.3903 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 4.8250 COP (High: 78.7473 / Low: 73.9224). On the other end, May was the most stable month, with a tight range of 1.3070 COP (High: 68.3999 / Low: 67.0929).
Growth Streaks & Declines
TrendsBetween April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 1.5249 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 76.1321) against the same month in 2023 (average: 70.7724), the exchange rate shifted by +5.3598 (+7.57%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 70.3358 | 68.7395 | 69.5021 |
| February | 69.8113 | 68.0622 | 68.8650 |
| March | 69.6442 | 67.6183 | 68.8295 |
| April | 68.9484 | 66.1425 | 67.3046 |
| May | 68.3999 | 67.0929 | 67.8646 |
| June | 72.8020 | 68.0400 | 70.8781 |
| July | 72.2225 | 69.8877 | 71.1816 |
| August | 74.2098 | 70.9237 | 72.5864 |
| September | 76.8607 | 74.3369 | 75.5129 |
| October | 77.9570 | 73.8542 | 75.3967 |
| November | 78.7473 | 73.9224 | 76.1321 |
| December | 76.2944 | 73.6015 | 74.7758 |