2024 MKD to IDR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MKD to IDR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MKD to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 5, valuing the pair at 288.3709. Conversely, the yearly low was recorded on November 24, dropping to 269.7972.
This high-to-low spread represents a total annual volatility of 18.5737 IDR. From a start-to-finish perspective, comparing the January average rate of 276.9830 to the December average rate of 273.5456, the exchange rate registered a net change of -1.24% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 288.3709 was up 3.35% compared to the 2023 peak of 279.0285, 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 IDR 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 279.6269, compared to 278.1216 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.5053 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 10.5574 IDR (High: 280.3546 / Low: 269.7972). On the other end, January was the most stable month, with a tight range of 3.0633 IDR (High: 278.8600 / Low: 275.7967).
Growth Streaks & Declines
TrendsBetween February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 5.2428 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 281.9510) against the same month in 2023 (average: 270.4684), the exchange rate shifted by +11.4826 (+4.25%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 278.8600 | 275.7967 | 276.9830 |
| February | 278.3002 | 272.5305 | 274.6045 |
| March | 279.5136 | 275.2654 | 277.4948 |
| April | 283.3513 | 277.3269 | 280.4839 |
| May | 286.7188 | 279.2894 | 282.1324 |
| June | 288.3124 | 283.9745 | 286.0628 |
| July | 287.7079 | 284.1882 | 286.3928 |
| August | 288.3709 | 278.2004 | 281.9510 |
| September | 279.7315 | 274.3181 | 276.7082 |
| October | 280.5515 | 273.2744 | 276.4143 |
| November | 280.3546 | 269.7972 | 273.7177 |
| December | 275.4231 | 271.8229 | 273.5456 |