2024 MKD to IRR Historical Review

YEARLY HIGH

766.7080 IRR

YEARLY LOW

711.7022 IRR

YEARLY AVERAGE

739.9788 IRR

2024 MKD to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 766.7080. Conversely, the yearly low was recorded on December 19, dropping to 711.7022.

This high-to-low spread represents a total annual volatility of 55.0058 IRR. From a start-to-finish perspective, comparing the January average rate of 745.6124 to the December average rate of 718.2423, the exchange rate registered a net change of -3.67% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 766.7080 was down 0.66% compared to the 2023 peak of 771.7769, 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 3,833,540 IRR

2023 Average 3,708,298 IRR

Yearly Trough Low 3,558,511 IRR

Transaction Impact: A difference of 275,028.86 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

764.0922

714.0742

JanuMarcMayJulySeptNove

MKD to IRR 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 738.8475, compared to 741.1100 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.2625 points.

H1 Avg (Jan–Jun) 738.8475

H2 Avg (Jul–Dec) 741.1100

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 34.6216 IRR (High: 747.1326 / Low: 712.5110). On the other end, March was the most stable month, with a tight range of 10.1747 IRR (High: 747.2838 / Low: 737.1091).

November Spread (Volatile) ±34.6216

March Spread (Stable) ±10.1747

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 18.2728 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -18.2728

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 753.3746) against the same month in 2023 (average: 749.0591), the exchange rate shifted by +4.3155 (+0.58%).

2024 Avg (August) 753.3746

2023 Avg (August) 749.0591

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	755.2112	739.4153	745.6124
February	743.9052	730.6758	737.0128
March	747.2838	737.1091	742.3084
April	742.0370	724.8929	732.6709
May	744.7940	728.4678	739.2099
June	748.0725	730.6157	736.2707
July	748.3366	734.3203	742.0844
August	766.7080	737.2558	753.3746
September	766.3833	753.5176	759.9240
October	760.6698	737.3046	745.6538
November	747.1326	712.5110	727.3810
December	723.8599	711.7022	718.2423