2024 MKD to KES Historical Review

YEARLY HIGH

2.8837 KES

YEARLY LOW

2.1802 KES

YEARLY AVERAGE

2.3694 KES

2024 MKD to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 2.8837. Conversely, the yearly low was recorded on December 22, dropping to 2.1802.

This high-to-low spread represents a total annual volatility of 0.7035 KES. From a start-to-finish perspective, comparing the January average rate of 2.8330 to the December average rate of 2.2019, the exchange rate registered a net change of -22.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.8837 was up 1.77% compared to the 2023 peak of 2.8335, 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 14,419 KES

2023 Average 12,290 KES

Yearly Trough Low 10,901 KES

Transaction Impact: A difference of 3,517.57 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.8962

2.1387

JanuMarcMayJulySeptNove

MKD to KES 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 2.4665, compared to 2.2723 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1942 points.

H1 Avg (Jan–Jun) 2.4665

H2 Avg (Jul–Dec) 2.2723

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.3795 KES (High: 2.8751 / Low: 2.4956). On the other end, September was the most stable month, with a tight range of 0.0348 KES (High: 2.3431 / Low: 2.3083).

February Spread (Volatile) ±0.3795

September Spread (Stable) ±0.0348

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 February and March, when the average rate fell by 0.2457 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2457

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 2.8330) against the same month in 2023 (average: 2.1679), the exchange rate shifted by +0.6651 (+30.68%).

2024 Avg (January) 2.8330

2023 Avg (January) 2.1679

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8837	2.7718	2.8330
February	2.8751	2.4956	2.6742
March	2.5788	2.3147	2.4285
April	2.3377	2.2053	2.2866
May	2.3611	2.2582	2.3102
June	2.3119	2.2307	2.2663
July	2.3191	2.2427	2.2744
August	2.3497	2.2760	2.3114
September	2.3431	2.3083	2.3273
October	2.3326	2.2594	2.2852
November	2.2900	2.1836	2.2335
December	2.2273	2.1802	2.2019