2024 MKD to KZT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MKD to KZT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MKD to KZT exchange rate experienced significant fluctuation. The market reached its absolute peak on December 4, valuing the pair at 8.9851. Conversely, the yearly low was recorded on May 1, dropping to 7.6616.
This high-to-low spread represents a total annual volatility of 1.3235 KZT. From a start-to-finish perspective, comparing the January average rate of 8.0101 to the December average rate of 8.8710, the exchange rate registered a net change of 10.75% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 8.9851 was up 8.66% compared to the 2023 peak of 8.2690, 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 KZT 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 7.8927, compared to 8.6118 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7191 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 0.4490 KZT (High: 8.7545 / Low: 8.3055). On the other end, March was the most stable month, with a tight range of 0.1645 KZT (High: 7.9979 / Low: 7.8334).
Growth Streaks & Declines
TrendsBetween May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.1633 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 8.8710) against the same month in 2023 (average: 8.1437), the exchange rate shifted by +0.7273 (+8.93%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.2189 | 7.8381 | 8.0101 |
| February | 7.9997 | 7.7959 | 7.9022 |
| March | 7.9979 | 7.8334 | 7.9323 |
| April | 7.8814 | 7.6808 | 7.7689 |
| May | 7.8819 | 7.6616 | 7.7670 |
| June | 8.2231 | 7.8344 | 7.9759 |
| July | 8.4522 | 8.2514 | 8.3764 |
| August | 8.7545 | 8.3055 | 8.5653 |
| September | 8.7320 | 8.5477 | 8.6697 |
| October | 8.8067 | 8.4749 | 8.6082 |
| November | 8.8820 | 8.4406 | 8.5800 |
| December | 8.9851 | 8.7205 | 8.8710 |