2024 MKD to JOD Historical Review

YEARLY HIGH

0.0129 JOD

YEARLY LOW

0.0119 JOD

YEARLY AVERAGE

0.0125 JOD

2024 MKD to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.0129. Conversely, the yearly low was recorded on December 19, dropping to 0.0119.

This high-to-low spread represents a total annual volatility of 0.0010 JOD. From a start-to-finish perspective, comparing the January average rate of 0.0126 to the December average rate of 0.0121, the exchange rate registered a net change of -4.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0129 was down 0.32% compared to the 2023 peak of 0.0130, 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 65 JOD

2023 Average 62 JOD

Yearly Trough Low 60 JOD

Transaction Impact: A difference of 4.80 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0129

0.0120

JanuMarcMayJulySeptNove

MKD to JOD 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 0.0125, compared to 0.0125 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0125

H2 Avg (Jul–Dec) 0.0125

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0006 JOD (High: 0.0126 / Low: 0.0120). On the other end, March was the most stable month, with a tight range of 0.0002 JOD (High: 0.0126 / Low: 0.0124).

November Spread (Volatile) ±0.0006

March Spread (Stable) ±0.0002

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 0.0003 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.0127) against the same month in 2023 (average: 0.0125), the exchange rate shifted by +0.0001 (+1.11%).

2024 Avg (August) 0.0127

2023 Avg (August) 0.0125

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0127	0.0125	0.0126
February	0.0125	0.0123	0.0124
March	0.0126	0.0124	0.0125
April	0.0125	0.0122	0.0123
May	0.0125	0.0123	0.0124
June	0.0126	0.0123	0.0124
July	0.0126	0.0124	0.0125
August	0.0129	0.0124	0.0127
September	0.0129	0.0127	0.0128
October	0.0128	0.0124	0.0126
November	0.0126	0.0120	0.0123
December	0.0122	0.0119	0.0121