2024 MKD to MMK Historical Review

YEARLY HIGH

57.3963 MMK

YEARLY LOW

35.3409 MMK

YEARLY AVERAGE

37.2887 MMK

2024 MKD to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 20, valuing the pair at 57.3963. Conversely, the yearly low was recorded on December 19, dropping to 35.3409.

This high-to-low spread represents a total annual volatility of 22.0554 MMK. From a start-to-finish perspective, comparing the January average rate of 37.2302 to the December average rate of 35.7218, the exchange rate registered a net change of -4.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 57.3963 was up 49.69% compared to the 2023 peak of 38.3424, 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 286,981 MMK

2023 Average 184,371 MMK

Yearly Trough Low 176,704 MMK

Transaction Impact: A difference of 110,276.97 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

40.5642

35.2816

JanuMarcMayJulySeptNove

MKD to MMK 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 37.1329, compared to 37.4445 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3116 points.

H1 Avg (Jan–Jun) 37.1329

H2 Avg (Jul–Dec) 37.4445

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 20.5736 MMK (High: 57.3963 / Low: 36.8227). On the other end, September was the most stable month, with a tight range of 0.5589 MMK (High: 38.1050 / Low: 37.5461).

July Spread (Volatile) ±20.5736

September Spread (Stable) ±0.5589

Growth Streaks & Declines

Trends

Between April and July, 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 July and August, when the average rate fell by 2.5792 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -2.5792

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 40.1240) against the same month in 2023 (average: 37.6624), the exchange rate shifted by +2.4616 (+6.54%).

2024 Avg (July) 40.1240

2023 Avg (July) 37.6624

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	37.7728	36.9078	37.2302
February	37.1591	36.5071	36.8221
March	37.3395	36.7654	37.0585
April	37.0455	36.1739	36.5550
May	37.1319	36.3652	36.8696
June	43.2423	36.4283	38.2620
July	57.3963	36.8227	40.1240
August	38.2147	36.7468	37.5448
September	38.1050	37.5461	37.8653
October	37.9070	36.7492	37.1568
November	37.2390	35.5134	36.2541
December	36.0834	35.3409	35.7218