2024 MKD to FJD Historical Review

YEARLY HIGH

0.0404 FJD

YEARLY LOW

0.0385 FJD

YEARLY AVERAGE

0.0395 FJD

2024 MKD to FJD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to FJD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 16, valuing the pair at 0.0404. Conversely, the yearly low was recorded on November 22, dropping to 0.0385.

This high-to-low spread represents a total annual volatility of 0.0019 FJD. From a start-to-finish perspective, comparing the January average rate of 0.0396 to the December average rate of 0.0393, the exchange rate registered a net change of -0.80% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0404 was down 0.45% compared to the 2023 peak of 0.0406, 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 202 FJD

2023 Average 196 FJD

Yearly Trough Low 193 FJD

Transaction Impact: A difference of 9.33 FJD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0400

0.0391

JanuMarcMayJulySeptNove

MKD to FJD 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 0.0395, compared to 0.0396 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) 0.0395

H2 Avg (Jul–Dec) 0.0396

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0017 FJD (High: 0.0403 / Low: 0.0385). On the other end, April was the most stable month, with a tight range of 0.0007 FJD (High: 0.0399 / Low: 0.0392).

November Spread (Volatile) ±0.0017

April Spread (Stable) ±0.0007

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 0.0004 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.0398) against the same month in 2023 (average: 0.0394), the exchange rate shifted by +0.0004 (+1.14%).

2024 Avg (September) 0.0398

2023 Avg (September) 0.0394

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0401	0.0393	0.0396
February	0.0400	0.0392	0.0394
March	0.0402	0.0394	0.0398
April	0.0399	0.0392	0.0395
May	0.0400	0.0392	0.0396
June	0.0400	0.0389	0.0393
July	0.0399	0.0391	0.0395
August	0.0403	0.0396	0.0399
September	0.0404	0.0395	0.0398
October	0.0402	0.0392	0.0396
November	0.0403	0.0385	0.0392
December	0.0396	0.0388	0.0393