2024 MKD to ETB Historical Review

YEARLY HIGH

2.1853 ETB

YEARLY LOW

0.9797 ETB

YEARLY AVERAGE

1.4466 ETB

2024 MKD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 2.1853. Conversely, the yearly low was recorded on April 16, dropping to 0.9797.

This high-to-low spread represents a total annual volatility of 1.2056 ETB. From a start-to-finish perspective, comparing the January average rate of 1.0005 to the December average rate of 2.1562, the exchange rate registered a net change of 115.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.1853 was up 115.58% compared to the 2023 peak of 1.0137, 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 10,927 ETB

2023 Average 4,809 ETB

Yearly Trough Low 4,899 ETB

Transaction Impact: A difference of 6,028.00 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.2728

0.8744

JanuMarcMayJulySeptNove

MKD to ETB 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 0.9997, compared to 1.8934 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8937 points.

H1 Avg (Jan–Jun) 0.9997

H2 Avg (Jul–Dec) 1.8934

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.6660 ETB (High: 2.0465 / Low: 1.3804). On the other end, March was the most stable month, with a tight range of 0.0157 ETB (High: 1.0088 / Low: 0.9931).

August Spread (Volatile) ±0.6660

March Spread (Stable) ±0.0157

Growth Streaks & Declines

Trends

Between June and October, 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 October and November, when the average rate fell by 0.0134 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0134

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 2.1318) against the same month in 2023 (average: 0.9548), the exchange rate shifted by +1.1770 (+123.27%).

2024 Avg (October) 2.1318

2023 Avg (October) 0.9548

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0130	0.9891	1.0005
February	1.0016	0.9825	0.9927
March	1.0088	0.9931	1.0017
April	1.0042	0.9797	0.9909
May	1.0149	0.9907	1.0069
June	1.0180	0.9930	1.0054
July	1.3254	1.0022	1.0267
August	2.0465	1.3804	1.8432
September	2.1769	1.9858	2.0842
October	2.1853	2.0927	2.1318
November	2.1718	2.0727	2.1185
December	2.1812	2.1051	2.1562