2024 MKD to MNT Historical Review

YEARLY HIGH

61.8940 MNT

YEARLY LOW

57.2394 MNT

YEARLY AVERAGE

60.2471 MNT

2024 MKD to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 61.8940. Conversely, the yearly low was recorded on December 19, dropping to 57.2394.

This high-to-low spread represents a total annual volatility of 4.6546 MNT. From a start-to-finish perspective, comparing the January average rate of 61.1756 to the December average rate of 57.8564, the exchange rate registered a net change of -5.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 61.8940 was down 3.66% compared to the 2023 peak of 64.2485, 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 309,470 MNT

2023 Average 304,111 MNT

Yearly Trough Low 286,197 MNT

Transaction Impact: A difference of 23,273.13 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

61.6751

57.5093

JanuMarcMayJulySeptNove

MKD to MNT 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 60.5936, compared to 59.9006 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6931 points.

H1 Avg (Jan–Jun) 60.5936

H2 Avg (Jul–Dec) 59.9006

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 2.7949 MNT (High: 60.3137 / Low: 57.5189). On the other end, March was the most stable month, with a tight range of 0.8449 MNT (High: 61.3256 / Low: 60.4807).

November Spread (Volatile) ±2.7949

March Spread (Stable) ±0.8449

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 1.4620 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.4620

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 60.8089) against the same month in 2023 (average: 61.1231), the exchange rate shifted by -0.3142 (-0.51%).

2024 Avg (August) 60.8089

2023 Avg (August) 61.1231

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	61.8805	60.6655	61.1756
February	61.0338	59.9734	60.4832
March	61.3256	60.4807	60.9155
April	60.8625	59.4563	60.0793
May	61.0120	59.7495	60.5911
June	61.1395	59.8901	60.3171
July	61.3427	59.6394	60.5110
August	61.8940	59.5164	60.8089
September	61.7163	60.8111	61.3280
October	61.3956	59.5204	60.1805
November	60.3137	57.5189	58.7185
December	58.4420	57.2394	57.8564