2024 MKD to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MKD to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MKD to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 156.8610. Conversely, the yearly low was recorded on December 19, dropping to 145.5570.
This high-to-low spread represents a total annual volatility of 11.3040 GNF. From a start-to-finish perspective, comparing the January average rate of 152.4076 to the December average rate of 146.9503, the exchange rate registered a net change of -3.58% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 156.8610 was down 0.32% compared to the 2023 peak of 157.3610, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MKD to GNF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 150.9850, compared to 151.8169 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8319 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 7.1982 GNF (High: 153.1387 / Low: 145.9405). On the other end, September was the most stable month, with a tight range of 2.1984 GNF (High: 156.8610 / Low: 154.6626).
Growth Streaks & Declines
TrendsBetween June and September, 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 October and November, when the average rate fell by 3.9046 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 155.9467) against the same month in 2023 (average: 149.2892), the exchange rate shifted by +6.6575 (+4.46%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 154.6572 | 151.1065 | 152.4076 |
| February | 153.1678 | 149.4719 | 150.8134 |
| March | 152.7808 | 150.4808 | 151.7285 |
| April | 151.5992 | 148.0512 | 149.6058 |
| May | 152.0313 | 148.8540 | 150.9220 |
| June | 152.3779 | 149.3407 | 150.4326 |
| July | 153.0954 | 150.0482 | 151.7312 |
| August | 156.7774 | 150.8987 | 154.2167 |
| September | 156.8610 | 154.6626 | 155.9467 |
| October | 156.7416 | 151.1076 | 152.9804 |
| November | 153.1387 | 145.9405 | 149.0758 |
| December | 148.3377 | 145.5570 | 146.9503 |