2024 MKD to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MKD to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MKD to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 25, valuing the pair at 23.9138. Conversely, the yearly low was recorded on December 19, dropping to 22.0717.
This high-to-low spread represents a total annual volatility of 1.8421 IQD. From a start-to-finish perspective, comparing the January average rate of 23.2242 to the December average rate of 22.2973, the exchange rate registered a net change of -3.99% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 23.9138 was down 9.40% compared to the 2023 peak of 26.3945, 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 IQD 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 23.0028, compared to 23.0490 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0462 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 1.0735 IQD (High: 23.2551 / Low: 22.1816). On the other end, March was the most stable month, with a tight range of 0.3516 IQD (High: 23.2860 / Low: 22.9344).
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 0.5659 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 23.6486) against the same month in 2023 (average: 22.7203), the exchange rate shifted by +0.9283 (+4.09%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.5444 | 23.0281 | 23.2242 |
| February | 23.1781 | 22.7727 | 22.9700 |
| March | 23.2860 | 22.9344 | 23.1163 |
| April | 23.1100 | 22.5696 | 22.8051 |
| May | 23.1388 | 22.6867 | 22.9967 |
| June | 23.1961 | 22.7383 | 22.9044 |
| July | 23.2813 | 22.8475 | 23.0807 |
| August | 23.7778 | 22.8167 | 23.4052 |
| September | 23.9138 | 23.4407 | 23.6486 |
| October | 23.6889 | 22.9439 | 23.2139 |
| November | 23.2551 | 22.1816 | 22.6481 |
| December | 22.5384 | 22.0717 | 22.2973 |