2024 MKD to NZD Historical Review

YEARLY HIGH

0.0302 NZD

YEARLY LOW

0.0283 NZD

YEARLY AVERAGE

0.0291 NZD

2024 MKD to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 0.0302. Conversely, the yearly low was recorded on June 14, dropping to 0.0283.

This high-to-low spread represents a total annual volatility of 0.0019 NZD. From a start-to-finish perspective, comparing the January average rate of 0.0287 to the December average rate of 0.0297, the exchange rate registered a net change of 3.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0302 was up 0.95% compared to the 2023 peak of 0.0299, 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 151 NZD

2023 Average 143 NZD

Yearly Trough Low 141 NZD

Transaction Impact: A difference of 9.57 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0298

0.0284

JanuMarcMayJulySeptNove

MKD to NZD 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 0.0288, compared to 0.0293 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0288

H2 Avg (Jul–Dec) 0.0293

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0013 NZD (High: 0.0300 / Low: 0.0286). On the other end, June was the most stable month, with a tight range of 0.0005 NZD (High: 0.0288 / Low: 0.0283).

July Spread (Volatile) ±0.0013

June Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between September and December, 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 May and June, when the average rate fell by 0.0004 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0297) against the same month in 2023 (average: 0.0285), the exchange rate shifted by +0.0012 (+4.22%).

2024 Avg (December) 0.0297

2023 Avg (December) 0.0285

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0291	0.0284	0.0287
February	0.0292	0.0283	0.0286
March	0.0295	0.0287	0.0291
April	0.0296	0.0290	0.0293
May	0.0292	0.0287	0.0289
June	0.0288	0.0283	0.0285
July	0.0300	0.0286	0.0292
August	0.0299	0.0287	0.0294
September	0.0293	0.0285	0.0290
October	0.0296	0.0288	0.0291
November	0.0297	0.0289	0.0292
December	0.0302	0.0290	0.0297