2024 MKD to MZN Historical Review

YEARLY HIGH

1.1639 MZN

YEARLY LOW

1.0752 MZN

YEARLY AVERAGE

1.1231 MZN

2024 MKD to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 1.1639. Conversely, the yearly low was recorded on December 19, dropping to 1.0752.

This high-to-low spread represents a total annual volatility of 0.0887 MZN. From a start-to-finish perspective, comparing the January average rate of 1.1312 to the December average rate of 1.0873, the exchange rate registered a net change of -3.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.1639 was down 0.19% compared to the 2023 peak of 1.1661, 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 5,820 MZN

2023 Average 5,610 MZN

Yearly Trough Low 5,376 MZN

Transaction Impact: A difference of 443.55 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.1593

1.0808

JanuMarcMayJulySeptNove

MKD to MZN 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 1.1221, compared to 1.1242 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 1.1221

H2 Avg (Jul–Dec) 1.1242

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0589 MZN (High: 1.1461 / Low: 1.0873). On the other end, March was the most stable month, with a tight range of 0.0152 MZN (High: 1.1353 / Low: 1.1201).

January Spread (Volatile) ±0.0589

March Spread (Stable) ±0.0152

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 0.0272 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0272

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 1.1434) against the same month in 2023 (average: 1.1313), the exchange rate shifted by +0.0121 (+1.07%).

2024 Avg (August) 1.1434

2023 Avg (August) 1.1313

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1461	1.0873	1.1312
February	1.1300	1.1108	1.1199
March	1.1353	1.1201	1.1282
April	1.1273	1.1012	1.1139
May	1.1301	1.1075	1.1222
June	1.1320	1.1084	1.1170
July	1.1353	1.1145	1.1260
August	1.1639	1.1192	1.1434
September	1.1606	1.1427	1.1528
October	1.1542	1.1193	1.1315
November	1.1338	1.0818	1.1043
December	1.0992	1.0752	1.0873