2024 MKD to CVE Historical Review

YEARLY HIGH

1.8140 CVE

YEARLY LOW

1.7649 CVE

YEARLY AVERAGE

1.7929 CVE

2024 MKD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 1.8140. Conversely, the yearly low was recorded on November 6, dropping to 1.7649.

This high-to-low spread represents a total annual volatility of 0.0490 CVE. From a start-to-finish perspective, comparing the January average rate of 1.7934 to the December average rate of 1.7918, the exchange rate registered a net change of -0.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.8140 was down 1.65% compared to the 2023 peak of 1.8444, 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 9,070 CVE

2023 Average 8,965 CVE

Yearly Trough Low 8,825 CVE

Transaction Impact: A difference of 245.14 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.7958

1.7882

JanuMarcMayJulySeptNove

MKD to CVE 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 1.7926, compared to 1.7933 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 1.7926

H2 Avg (Jul–Dec) 1.7933

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0408 CVE (High: 1.8058 / Low: 1.7649). On the other end, September was the most stable month, with a tight range of 0.0113 CVE (High: 1.8001 / Low: 1.7889).

November Spread (Volatile) ±0.0408

September Spread (Stable) ±0.0113

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0042 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0042

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 1.7942) against the same month in 2023 (average: 1.7936), the exchange rate shifted by +0.0006 (+0.04%).

2024 Avg (May) 1.7942

2023 Avg (May) 1.7936

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8073	1.7857	1.7934
February	1.8062	1.7785	1.7930
March	1.8019	1.7806	1.7931
April	1.8023	1.7659	1.7889
May	1.8140	1.7894	1.7942
June	1.8020	1.7855	1.7931
July	1.8061	1.7874	1.7924
August	1.8038	1.7891	1.7952
September	1.8001	1.7889	1.7937
October	1.8056	1.7859	1.7939
November	1.8058	1.7649	1.7928
December	1.8005	1.7799	1.7918