2024 MKD to KPW Historical Review

YEARLY HIGH

16.3934 KPW

YEARLY LOW

15.1605 KPW

YEARLY AVERAGE

15.8225 KPW

2024 MKD to KPW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to KPW exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 16.3934. Conversely, the yearly low was recorded on December 19, dropping to 15.1605.

This high-to-low spread represents a total annual volatility of 1.2328 KPW. From a start-to-finish perspective, comparing the January average rate of 15.9589 to the December average rate of 15.3240, the exchange rate registered a net change of -3.98% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 16.3934 was down 0.23% compared to the 2023 peak of 16.4318, 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 81,967 KPW

2023 Average 79,051 KPW

Yearly Trough Low 75,803 KPW

Transaction Impact: A difference of 6,164.16 KPW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

16.3354

15.2320

JanuMarcMayJulySeptNove

MKD to KPW 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 15.8070, compared to 15.8379 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0309 points.

H1 Avg (Jan–Jun) 15.8070

H2 Avg (Jul–Dec) 15.8379

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.7403 KPW (High: 15.9748 / Low: 15.2345). On the other end, March was the most stable month, with a tight range of 0.2204 KPW (High: 15.9980 / Low: 15.7776).

November Spread (Volatile) ±0.7403

March Spread (Stable) ±0.2204

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 0.3872 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3872

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 16.1060) against the same month in 2023 (average: 15.9452), the exchange rate shifted by +0.1608 (+1.01%).

2024 Avg (August) 16.1060

2023 Avg (August) 15.9452

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.1427	15.8258	15.9589
February	15.9219	15.6452	15.7782
March	15.9980	15.7776	15.8910
April	15.8772	15.5103	15.6729
May	15.9162	15.5868	15.8064
June	15.9494	15.6235	15.7349
July	16.0024	15.7027	15.8625
August	16.3934	15.7636	16.1060
September	16.3463	16.1065	16.2434
October	16.2613	15.7647	15.9395
November	15.9748	15.2345	15.5523
December	15.4790	15.1605	15.3240