2024 MKD to EGP Historical Review

YEARLY HIGH

0.8887 EGP

YEARLY LOW

0.5372 EGP

YEARLY AVERAGE

0.7964 EGP

2024 MKD to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.8887. Conversely, the yearly low was recorded on February 13, dropping to 0.5372.

This high-to-low spread represents a total annual volatility of 0.3515 EGP. From a start-to-finish perspective, comparing the January average rate of 0.5477 to the December average rate of 0.8609, the exchange rate registered a net change of 57.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.8887 was up 57.50% compared to the 2023 peak of 0.5643, 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 4,444 EGP

2023 Average 2,693 EGP

Yearly Trough Low 2,686 EGP

Transaction Impact: A difference of 1,757.73 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9084

0.5086

JanuMarcMayJulySeptNove

MKD to EGP 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 0.7306, compared to 0.8622 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1316 points.

H1 Avg (Jan–Jun) 0.7306

H2 Avg (Jul–Dec) 0.8622

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.3368 EGP (High: 0.8783 / Low: 0.5415). On the other end, February was the most stable month, with a tight range of 0.0098 EGP (High: 0.5470 / Low: 0.5372).

March Spread (Volatile) ±0.3368

February Spread (Stable) ±0.0098

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0140 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0140

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.8751) against the same month in 2023 (average: 0.5475), the exchange rate shifted by +0.3276 (+59.83%).

2024 Avg (August) 0.8751

2023 Avg (August) 0.5475

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5566	0.5434	0.5477
February	0.5470	0.5372	0.5419
March	0.8783	0.5415	0.7969
April	0.8402	0.8241	0.8325
May	0.8396	0.8220	0.8304
June	0.8431	0.8275	0.8341
July	0.8570	0.8413	0.8491
August	0.8887	0.8528	0.8751
September	0.8836	0.8658	0.8744
October	0.8740	0.8535	0.8604
November	0.8724	0.8360	0.8531
December	0.8682	0.8486	0.8609