2024 MKD to NPR Historical Review

YEARLY HIGH

2.4388 NPR

YEARLY LOW

2.2865 NPR

YEARLY AVERAGE

2.3529 NPR

2024 MKD to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 24, valuing the pair at 2.4388. Conversely, the yearly low was recorded on November 24, dropping to 2.2865.

This high-to-low spread represents a total annual volatility of 0.1524 NPR. From a start-to-finish perspective, comparing the January average rate of 2.3576 to the December average rate of 2.3137, the exchange rate registered a net change of -1.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.4388 was up 1.01% compared to the 2023 peak of 2.4145, 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 12,194 NPR

2023 Average 11,600 NPR

Yearly Trough Low 11,432 NPR

Transaction Impact: A difference of 761.94 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.4311

2.3030

JanuMarcMayJulySeptNove

MKD to NPR 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 2.3383, compared to 2.3675 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0292 points.

H1 Avg (Jan–Jun) 2.3383

H2 Avg (Jul–Dec) 2.3675

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.1028 NPR (High: 2.3893 / Low: 2.2865). On the other end, September was the most stable month, with a tight range of 0.0294 NPR (High: 2.4325 / Low: 2.4031).

November Spread (Volatile) ±0.1028

September Spread (Stable) ±0.0294

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 0.0506 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0506

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 2.4000) against the same month in 2023 (average: 2.3474), the exchange rate shifted by +0.0527 (+2.24%).

2024 Avg (August) 2.4000

2023 Avg (August) 2.3474

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3940	2.3356	2.3576
February	2.3629	2.3074	2.3284
March	2.3574	2.3257	2.3442
April	2.3481	2.3009	2.3223
May	2.3586	2.3253	2.3424
June	2.3613	2.3191	2.3347
July	2.3759	2.3306	2.3566
August	2.4388	2.3449	2.4000
September	2.4325	2.4031	2.4204
October	2.4290	2.3580	2.3825
November	2.3893	2.2865	2.3319
December	2.3312	2.2937	2.3137