2024 MKD to JMD Historical Review

YEARLY HIGH

2.8643 JMD

YEARLY LOW

2.6307 JMD

YEARLY AVERAGE

2.7491 JMD

2024 MKD to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 2.8643. Conversely, the yearly low was recorded on December 30, dropping to 2.6307.

This high-to-low spread represents a total annual volatility of 0.2335 JMD. From a start-to-finish perspective, comparing the January average rate of 2.7497 to the December average rate of 2.6633, the exchange rate registered a net change of -3.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.8643 was up 1.57% compared to the 2023 peak of 2.8201, 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 14,321 JMD

2023 Average 13,532 JMD

Yearly Trough Low 13,154 JMD

Transaction Impact: A difference of 1,167.58 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.8518

2.6462

JanuMarcMayJulySeptNove

MKD to JMD 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 2.7312, compared to 2.7669 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0357 points.

H1 Avg (Jan–Jun) 2.7312

H2 Avg (Jul–Dec) 2.7669

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.1222 JMD (High: 2.8071 / Low: 2.6848). On the other end, January was the most stable month, with a tight range of 0.0459 JMD (High: 2.7789 / Low: 2.7331).

November Spread (Volatile) ±0.1222

January Spread (Stable) ±0.0459

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 November and December, when the average rate fell by 0.0754 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0754

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2.8347) against the same month in 2023 (average: 2.6812), the exchange rate shifted by +0.1535 (+5.72%).

2024 Avg (September) 2.8347

2023 Avg (September) 2.6812

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7789	2.7331	2.7497
February	2.7793	2.7177	2.7416
March	2.7628	2.6946	2.7292
April	2.7327	2.6704	2.7006
May	2.7593	2.7018	2.7446
June	2.7499	2.7019	2.7216
July	2.7801	2.7148	2.7559
August	2.8458	2.7389	2.8039
September	2.8643	2.7957	2.8347
October	2.8545	2.7769	2.8049
November	2.8071	2.6848	2.7388
December	2.7047	2.6307	2.6633