2024 MKD to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MKD to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MKD to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 24.9761. Conversely, the yearly low was recorded on January 1, dropping to 22.9700.
This high-to-low spread represents a total annual volatility of 2.0061 KRW. From a start-to-finish perspective, comparing the January average rate of 23.4888 to the December average rate of 24.5296, the exchange rate registered a net change of 4.43% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 24.9761 was up 3.31% compared to the 2023 peak of 24.1755, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MKD to KRW Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 23.7229, compared to 24.2135 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4906 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 0.9967 KRW (High: 24.9761 / Low: 23.9794). On the other end, June was the most stable month, with a tight range of 0.4138 KRW (High: 24.3961 / Low: 23.9823).
Growth Streaks & Declines
TrendsBetween February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.2054 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 24.5296) against the same month in 2023 (average: 23.0811), the exchange rate shifted by +1.4484 (+6.28%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.7604 | 22.9700 | 23.4888 |
| February | 23.6870 | 23.0989 | 23.3606 |
| March | 23.7477 | 23.2495 | 23.5269 |
| April | 24.1256 | 23.5473 | 23.8554 |
| May | 24.3959 | 23.7133 | 23.9528 |
| June | 24.3961 | 23.9823 | 24.1529 |
| July | 24.5671 | 24.0555 | 24.3641 |
| August | 24.4597 | 23.8711 | 24.1587 |
| September | 24.2756 | 23.7652 | 24.0054 |
| October | 24.3882 | 23.8989 | 24.1188 |
| November | 24.4931 | 23.7745 | 24.1045 |
| December | 24.9761 | 23.9794 | 24.5296 |