2024 MKD to DKK Historical Review

YEARLY HIGH

0.1222 DKK

YEARLY LOW

0.1202 DKK

YEARLY AVERAGE

0.1212 DKK

2024 MKD to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 0.1222. Conversely, the yearly low was recorded on August 3, dropping to 0.1202.

This high-to-low spread represents a total annual volatility of 0.0020 DKK. From a start-to-finish perspective, comparing the January average rate of 0.1212 to the December average rate of 0.1213, the exchange rate registered a net change of 0.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1222 was down 0.06% compared to the 2023 peak of 0.1223, 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 611 DKK

2023 Average 605 DKK

Yearly Trough Low 601 DKK

Transaction Impact: A difference of 10.20 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1213

0.1211

JanuMarcMayJulySeptNove

MKD to DKK 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 0.1212, compared to 0.1212 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.1212

H2 Avg (Jul–Dec) 0.1212

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0015 DKK (High: 0.1222 / Low: 0.1207). On the other end, July was the most stable month, with a tight range of 0.0007 DKK (High: 0.1217 / Low: 0.1209).

February Spread (Volatile) ±0.0015

July Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between February and June, 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 January and February, when the average rate fell by 0.0001 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.1211) against the same month in 2023 (average: 0.1210), the exchange rate shifted by +0.0001 (+0.08%).

2024 Avg (February) 0.1211

2023 Avg (February) 0.1210

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1218	0.1210	0.1212
February	0.1222	0.1207	0.1211
March	0.1219	0.1206	0.1212
April	0.1217	0.1204	0.1212
May	0.1216	0.1205	0.1212
June	0.1216	0.1207	0.1212
July	0.1217	0.1209	0.1212
August	0.1215	0.1202	0.1211
September	0.1217	0.1209	0.1212
October	0.1221	0.1208	0.1212
November	0.1218	0.1205	0.1213
December	0.1221	0.1211	0.1213