2024 MKD to MXN Historical Review

YEARLY HIGH

0.3603 MXN

YEARLY LOW

0.2865 MXN

YEARLY AVERAGE

0.3220 MXN

2024 MKD to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 6, valuing the pair at 0.3603. Conversely, the yearly low was recorded on April 11, dropping to 0.2865.

This high-to-low spread represents a total annual volatility of 0.0738 MXN. From a start-to-finish perspective, comparing the January average rate of 0.3025 to the December average rate of 0.3448, the exchange rate registered a net change of 14.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3603 was up 6.65% compared to the 2023 peak of 0.3378, 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 1,801 MXN

2023 Average 1,557 MXN

Yearly Trough Low 1,433 MXN

Transaction Impact: A difference of 368.89 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3598

0.2866

JanuMarcMayJulySeptNove

MKD to MXN 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 0.3006, compared to 0.3433 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0427 points.

H1 Avg (Jan–Jun) 0.3006

H2 Avg (Jul–Dec) 0.3433

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0287 MXN (High: 0.3281 / Low: 0.2994). On the other end, January was the most stable month, with a tight range of 0.0053 MXN (High: 0.3050 / Low: 0.2997).

June Spread (Volatile) ±0.0287

January Spread (Stable) ±0.0053

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 November and December, when the average rate fell by 0.0063 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0063

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.3537) against the same month in 2023 (average: 0.3001), the exchange rate shifted by +0.0536 (+17.86%).

2024 Avg (September) 0.3537

2023 Avg (September) 0.3001

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3050	0.2997	0.3025
February	0.3031	0.2973	0.2996
March	0.2998	0.2903	0.2961
April	0.2998	0.2865	0.2927
May	0.3002	0.2918	0.2950
June	0.3281	0.2994	0.3180
July	0.3295	0.3124	0.3191
August	0.3592	0.3316	0.3428
September	0.3603	0.3444	0.3537
October	0.3559	0.3420	0.3485
November	0.3588	0.3447	0.3512
December	0.3521	0.3402	0.3448