2024 MKD to MVR Historical Review

YEARLY HIGH

0.2796 MVR

YEARLY LOW

0.2520 MVR

YEARLY AVERAGE

0.2708 MVR

2024 MKD to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.2796. Conversely, the yearly low was recorded on May 2, dropping to 0.2520.

This high-to-low spread represents a total annual volatility of 0.0276 MVR. From a start-to-finish perspective, comparing the January average rate of 0.2731 to the December average rate of 0.2624, the exchange rate registered a net change of -3.93% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2796 was down 0.61% compared to the 2023 peak of 0.2813, 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 1,398 MVR

2023 Average 1,350 MVR

Yearly Trough Low 1,260 MVR

Transaction Impact: A difference of 138.06 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2786

0.2609

JanuMarcMayJulySeptNove

MKD to MVR 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 0.2708, compared to 0.2708 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.2708

H2 Avg (Jul–Dec) 0.2708

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0214 MVR (High: 0.2734 / Low: 0.2520). On the other end, September was the most stable month, with a tight range of 0.0039 MVR (High: 0.2788 / Low: 0.2749).

May Spread (Volatile) ±0.0214

September Spread (Stable) ±0.0039

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 September and October, when the average rate fell by 0.0052 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0052

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.2752) against the same month in 2023 (average: 0.2723), the exchange rate shifted by +0.0029 (+1.06%).

2024 Avg (August) 0.2752

2023 Avg (August) 0.2723

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2762	0.2708	0.2731
February	0.2724	0.2668	0.2699
March	0.2761	0.2702	0.2725
April	0.2726	0.2663	0.2691
May	0.2734	0.2520	0.2709
June	0.2729	0.2659	0.2692
July	0.2743	0.2687	0.2713
August	0.2796	0.2689	0.2752
September	0.2788	0.2749	0.2771
October	0.2775	0.2689	0.2719
November	0.2735	0.2617	0.2667
December	0.2659	0.2594	0.2624