2024 MKD to NOK Historical Review

YEARLY HIGH

0.1957 NOK

YEARLY LOW

0.1826 NOK

YEARLY AVERAGE

0.1890 NOK

2024 MKD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 1, valuing the pair at 0.1957. Conversely, the yearly low was recorded on February 17, dropping to 0.1826.

This high-to-low spread represents a total annual volatility of 0.0131 NOK. From a start-to-finish perspective, comparing the January average rate of 0.1844 to the December average rate of 0.1912, the exchange rate registered a net change of 3.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1957 was up 0.29% compared to the 2023 peak of 0.1951, 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 978 NOK

2023 Average 927 NOK

Yearly Trough Low 913 NOK

Transaction Impact: A difference of 65.62 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1924

0.1837

JanuMarcMayJulySeptNove

MKD to NOK 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 0.1868, compared to 0.1912 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0043 points.

H1 Avg (Jan–Jun) 0.1868

H2 Avg (Jul–Dec) 0.1912

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0092 NOK (High: 0.1943 / Low: 0.1851). On the other end, January was the most stable month, with a tight range of 0.0035 NOK (High: 0.1862 / Low: 0.1827).

July Spread (Volatile) ±0.0092

January Spread (Stable) ±0.0035

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0030 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0030

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.1909) against the same month in 2023 (average: 0.1914), the exchange rate shifted by -0.0005 (-0.27%).

2024 Avg (November) 0.1909

2023 Avg (November) 0.1914

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1862	0.1827	0.1844
February	0.1878	0.1826	0.1850
March	0.1903	0.1845	0.1874
April	0.1935	0.1876	0.1899
May	0.1914	0.1850	0.1886
June	0.1884	0.1835	0.1856
July	0.1943	0.1851	0.1903
August	0.1955	0.1889	0.1914
September	0.1945	0.1886	0.1915
October	0.1943	0.1896	0.1917
November	0.1957	0.1866	0.1909
December	0.1930	0.1889	0.1912