2024 MKD to ILS Historical Review

YEARLY HIGH

0.0687 ILS

YEARLY LOW

0.0607 ILS

YEARLY AVERAGE

0.0651 ILS

2024 MKD to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.0687. Conversely, the yearly low was recorded on December 12, dropping to 0.0607.

This high-to-low spread represents a total annual volatility of 0.0080 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0658 to the December average rate of 0.0617, the exchange rate registered a net change of -6.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0687 was down 2.31% compared to the 2023 peak of 0.0704, 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 344 ILS

2023 Average 324 ILS

Yearly Trough Low 304 ILS

Transaction Impact: A difference of 40.09 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0679

0.0611

JanuMarcMayJulySeptNove

MKD to ILS 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 0.0649, compared to 0.0652 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0649

H2 Avg (Jul–Dec) 0.0652

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0044 ILS (High: 0.0665 / Low: 0.0621). On the other end, May was the most stable month, with a tight range of 0.0012 ILS (High: 0.0656 / Low: 0.0644).

November Spread (Volatile) ±0.0044

May Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between February and April, 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 November and December, when the average rate fell by 0.0026 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 0.0667) against the same month in 2023 (average: 0.0683), the exchange rate shifted by -0.0016 (-2.38%).

2024 Avg (October) 0.0667

2023 Avg (October) 0.0683

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0671	0.0643	0.0658
February	0.0647	0.0626	0.0639
March	0.0652	0.0626	0.0641
April	0.0665	0.0641	0.0655
May	0.0656	0.0644	0.0650
June	0.0662	0.0645	0.0653
July	0.0661	0.0639	0.0647
August	0.0681	0.0651	0.0666
September	0.0686	0.0653	0.0673
October	0.0687	0.0653	0.0667
November	0.0665	0.0621	0.0643
December	0.0625	0.0607	0.0617