2024 MKD to ISK Historical Review

YEARLY HIGH

2.4921 ISK

YEARLY LOW

2.3388 ISK

YEARLY AVERAGE

2.4253 ISK

2024 MKD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 4, valuing the pair at 2.4921. Conversely, the yearly low was recorded on December 30, dropping to 2.3388.

This high-to-low spread represents a total annual volatility of 0.1534 ISK. From a start-to-finish perspective, comparing the January average rate of 2.4276 to the December average rate of 2.3613, the exchange rate registered a net change of -2.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.4921 was down 2.35% compared to the 2023 peak of 2.5521, 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 12,461 ISK

2023 Average 12,107 ISK

Yearly Trough Low 11,694 ISK

Transaction Impact: A difference of 766.88 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.4822

2.3503

JanuMarcMayJulySeptNove

MKD to ISK 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 2.4283, compared to 2.4222 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0061 points.

H1 Avg (Jan–Jun) 2.4283

H2 Avg (Jul–Dec) 2.4222

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0836 ISK (High: 2.4314 / Low: 2.3478). On the other end, July was the most stable month, with a tight range of 0.0170 ISK (High: 2.4361 / Low: 2.4191).

November Spread (Volatile) ±0.0836

July Spread (Stable) ±0.0170

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 September and October, when the average rate fell by 0.0480 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0480

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2.4712) against the same month in 2023 (average: 2.3477), the exchange rate shifted by +0.1235 (+5.26%).

2024 Avg (September) 2.4712

2023 Avg (September) 2.3477

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4543	2.3928	2.4276
February	2.4322	2.4005	2.4147
March	2.4434	2.3998	2.4225
April	2.4549	2.4271	2.4425
May	2.4504	2.4138	2.4377
June	2.4380	2.4132	2.4250
July	2.4361	2.4191	2.4272
August	2.4883	2.4244	2.4651
September	2.4921	2.4471	2.4712
October	2.4479	2.4082	2.4231
November	2.4314	2.3478	2.3856
December	2.3741	2.3388	2.3613