2024 MKD to HKD Historical Review

YEARLY HIGH

0.1420 HKD

YEARLY LOW

0.1309 HKD

YEARLY AVERAGE

0.1372 HKD

2024 MKD to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.1420. Conversely, the yearly low was recorded on December 19, dropping to 0.1309.

This high-to-low spread represents a total annual volatility of 0.0111 HKD. From a start-to-finish perspective, comparing the January average rate of 0.1386 to the December average rate of 0.1324, the exchange rate registered a net change of -4.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1420 was down 0.47% compared to the 2023 peak of 0.1427, 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 710 HKD

2023 Average 688 HKD

Yearly Trough Low 654 HKD

Transaction Impact: A difference of 55.58 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1414

0.1315

JanuMarcMayJulySeptNove

MKD to HKD 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 0.1373, compared to 0.1370 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.1373

H2 Avg (Jul–Dec) 0.1370

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0062 HKD (High: 0.1379 / Low: 0.1318). On the other end, March was the most stable month, with a tight range of 0.0018 HKD (High: 0.1390 / Low: 0.1372).

November Spread (Volatile) ±0.0062

March Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between 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 0.0032 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.1395) against the same month in 2023 (average: 0.1387), the exchange rate shifted by +0.0009 (+0.63%).

2024 Avg (August) 0.1395

2023 Avg (August) 0.1387

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1401	0.1374	0.1386
February	0.1384	0.1359	0.1371
March	0.1390	0.1372	0.1381
April	0.1381	0.1350	0.1364
May	0.1380	0.1355	0.1372
June	0.1386	0.1356	0.1365
July	0.1388	0.1363	0.1376
August	0.1420	0.1369	0.1395
September	0.1414	0.1395	0.1406
October	0.1404	0.1361	0.1376
November	0.1379	0.1318	0.1344
December	0.1338	0.1309	0.1324