2024 MKD to DZD Historical Review

YEARLY HIGH

2.4450 DZD

YEARLY LOW

2.2669 DZD

YEARLY AVERAGE

2.3580 DZD

2024 MKD to DZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to DZD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 2.4450. Conversely, the yearly low was recorded on December 18, dropping to 2.2669.

This high-to-low spread represents a total annual volatility of 0.1781 DZD. From a start-to-finish perspective, comparing the January average rate of 2.3854 to the December average rate of 2.2866, the exchange rate registered a net change of -4.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.4450 was down 0.31% compared to the 2023 peak of 2.4527, 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 12,225 DZD

2023 Average 11,939 DZD

Yearly Trough Low 11,335 DZD

Transaction Impact: A difference of 890.37 DZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.4131

2.2751

JanuMarcMayJulySeptNove

MKD to DZD 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 2.3633, compared to 2.3526 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0106 points.

H1 Avg (Jan–Jun) 2.3633

H2 Avg (Jul–Dec) 2.3526

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0891 DZD (High: 2.3614 / Low: 2.2723). On the other end, December was the most stable month, with a tight range of 0.0308 DZD (High: 2.2977 / Low: 2.2669).

November Spread (Volatile) ±0.0891

December Spread (Stable) ±0.0308

Growth Streaks & Declines

Trends

Between June and August, 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 October and November, when the average rate fell by 0.0538 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0538

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 2.4016) against the same month in 2023 (average: 2.4113), the exchange rate shifted by -0.0097 (-0.40%).

2024 Avg (August) 2.4016

2023 Avg (August) 2.4113

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4114	2.3684	2.3854
February	2.3803	2.3403	2.3596
March	2.3920	2.3611	2.3757
April	2.3743	2.3229	2.3439
May	2.3809	2.3319	2.3624
June	2.3883	2.3368	2.3527
July	2.3896	2.3473	2.3690
August	2.4450	2.3575	2.4016
September	2.4056	2.3743	2.3911
October	2.4019	2.3385	2.3607
November	2.3614	2.2723	2.3069
December	2.2977	2.2669	2.2866