2024 MKD to MAD Historical Review

YEARLY HIGH

0.1784 MAD

YEARLY LOW

0.1691 MAD

YEARLY AVERAGE

0.1747 MAD

2024 MKD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 0.1784. Conversely, the yearly low was recorded on December 19, dropping to 0.1691.

This high-to-low spread represents a total annual volatility of 0.0093 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1765 to the December average rate of 0.1705, the exchange rate registered a net change of -3.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1784 was down 2.12% compared to the 2023 peak of 0.1823, 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 892 MAD

2023 Average 889 MAD

Yearly Trough Low 845 MAD

Transaction Impact: A difference of 46.74 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1782

0.1698

JanuMarcMayJulySeptNove

MKD to MAD 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 0.1759, compared to 0.1735 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.1759

H2 Avg (Jul–Dec) 0.1735

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0045 MAD (High: 0.1780 / Low: 0.1735). On the other end, July was the most stable month, with a tight range of 0.0017 MAD (High: 0.1747 / Low: 0.1730).

January Spread (Volatile) ±0.0045

July Spread (Stable) ±0.0017

Growth Streaks & Declines

Trends

Between July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0024 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0024

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.1775) against the same month in 2023 (average: 0.1795), the exchange rate shifted by -0.0020 (-1.09%).

2024 Avg (March) 0.1775

2023 Avg (March) 0.1795

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1780	0.1735	0.1765
February	0.1780	0.1748	0.1763
March	0.1784	0.1767	0.1775
April	0.1773	0.1738	0.1758
May	0.1764	0.1743	0.1754
June	0.1767	0.1724	0.1740
July	0.1747	0.1730	0.1738
August	0.1755	0.1721	0.1745
September	0.1763	0.1746	0.1755
October	0.1767	0.1730	0.1744
November	0.1742	0.1703	0.1720
December	0.1718	0.1691	0.1705