2024 MKD to MUR Historical Review

YEARLY HIGH

0.8410 MUR

YEARLY LOW

0.7495 MUR

YEARLY AVERAGE

0.8120 MUR

2024 MKD to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.8410. Conversely, the yearly low was recorded on March 12, dropping to 0.7495.

This high-to-low spread represents a total annual volatility of 0.0914 MUR. From a start-to-finish perspective, comparing the January average rate of 0.7922 to the December average rate of 0.7975, the exchange rate registered a net change of 0.68% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.8410 was up 0.74% compared to the 2023 peak of 0.8348, 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 4,205 MUR

2023 Average 3,961 MUR

Yearly Trough Low 3,748 MUR

Transaction Impact: A difference of 457.24 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.8339

0.7884

JanuMarcMayJulySeptNove

MKD to MUR 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 0.8067, compared to 0.8174 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0107 points.

H1 Avg (Jan–Jun) 0.8067

H2 Avg (Jul–Dec) 0.8174

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0684 MUR (High: 0.8179 / Low: 0.7495). On the other end, May was the most stable month, with a tight range of 0.0108 MUR (High: 0.8139 / Low: 0.8031).

March Spread (Volatile) ±0.0684

May Spread (Stable) ±0.0108

Growth Streaks & Declines

Trends

Between April and September, 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 October and November, when the average rate fell by 0.0139 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0139

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.8290) against the same month in 2023 (average: 0.8059), the exchange rate shifted by +0.0231 (+2.86%).

2024 Avg (August) 0.8290

2023 Avg (August) 0.8059

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8101	0.7814	0.7922
February	0.8221	0.7911	0.8039
March	0.8179	0.7495	0.8106
April	0.8234	0.8035	0.8090
May	0.8139	0.8031	0.8098
June	0.8224	0.8047	0.8146
July	0.8293	0.8153	0.8237
August	0.8410	0.8169	0.8290
September	0.8359	0.8241	0.8301
October	0.8378	0.8035	0.8188
November	0.8170	0.7898	0.8050
December	0.8034	0.7892	0.7975