2024 MKD to NIO Historical Review

YEARLY HIGH

0.6685 NIO

YEARLY LOW

0.6201 NIO

YEARLY AVERAGE

0.6466 NIO

2024 MKD to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 0.6685. Conversely, the yearly low was recorded on December 19, dropping to 0.6201.

This high-to-low spread represents a total annual volatility of 0.0484 NIO. From a start-to-finish perspective, comparing the January average rate of 0.6499 to the December average rate of 0.6263, the exchange rate registered a net change of -3.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6685 was up 0.17% compared to the 2023 peak of 0.6673, 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 3,342 NIO

2023 Average 3,211 NIO

Yearly Trough Low 3,100 NIO

Transaction Impact: A difference of 241.91 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6680

0.6225

JanuMarcMayJulySeptNove

MKD to NIO 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 0.6457, compared to 0.6476 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.6457

H2 Avg (Jul–Dec) 0.6476

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0311 NIO (High: 0.6532 / Low: 0.6221). On the other end, September was the most stable month, with a tight range of 0.0099 NIO (High: 0.6685 / Low: 0.6586).

November Spread (Volatile) ±0.0311

September Spread (Stable) ±0.0099

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 0.0163 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0163

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.6642) against the same month in 2023 (average: 0.6346), the exchange rate shifted by +0.0296 (+4.66%).

2024 Avg (September) 0.6642

2023 Avg (September) 0.6346

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6583	0.6447	0.6499
February	0.6507	0.6396	0.6448
March	0.6547	0.6441	0.6494
April	0.6492	0.6340	0.6410
May	0.6501	0.6360	0.6459
June	0.6516	0.6390	0.6433
July	0.6543	0.6423	0.6486
August	0.6685	0.6448	0.6584
September	0.6685	0.6586	0.6642
October	0.6655	0.6443	0.6521
November	0.6532	0.6221	0.6358
December	0.6331	0.6201	0.6263