2024 MKD to NAD Historical Review

YEARLY HIGH

0.3403 NAD

YEARLY LOW

0.3005 NAD

YEARLY AVERAGE

0.3222 NAD

2024 MKD to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 0.3403. Conversely, the yearly low was recorded on December 12, dropping to 0.3005.

This high-to-low spread represents a total annual volatility of 0.0397 NAD. From a start-to-finish perspective, comparing the January average rate of 0.3331 to the December average rate of 0.3103, the exchange rate registered a net change of -6.84% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3403 was down 3.07% compared to the 2023 peak of 0.3510, 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 1,701 NAD

2023 Average 1,625 NAD

Yearly Trough Low 1,503 NAD

Transaction Impact: A difference of 198.69 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3354

0.3075

JanuMarcMayJulySeptNove

MKD to NAD 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 0.3288, compared to 0.3156 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0132 points.

H1 Avg (Jan–Jun) 0.3288

H2 Avg (Jul–Dec) 0.3156

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0236 NAD (High: 0.3347 / Low: 0.3111). On the other end, May was the most stable month, with a tight range of 0.0060 NAD (High: 0.3252 / Low: 0.3191).

June Spread (Volatile) ±0.0236

May Spread (Stable) ±0.0060

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0067 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0067

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.3326) against the same month in 2023 (average: 0.3108), the exchange rate shifted by +0.0219 (+7.03%).

2024 Avg (February) 0.3326

2023 Avg (February) 0.3108

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3391	0.3288	0.3331
February	0.3403	0.3266	0.3326
March	0.3366	0.3285	0.3329
April	0.3337	0.3230	0.3289
May	0.3252	0.3191	0.3229
June	0.3347	0.3111	0.3222
July	0.3250	0.3167	0.3214
August	0.3302	0.3168	0.3227
September	0.3222	0.3111	0.3180
October	0.3162	0.3079	0.3113
November	0.3134	0.3058	0.3098
December	0.3182	0.3005	0.3103