2024 MKD to PEN Historical Review

YEARLY HIGH

0.0685 PEN

YEARLY LOW

0.0629 PEN

YEARLY AVERAGE

0.0660 PEN

2024 MKD to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 0.0685. Conversely, the yearly low was recorded on December 24, dropping to 0.0629.

This high-to-low spread represents a total annual volatility of 0.0056 PEN. From a start-to-finish perspective, comparing the January average rate of 0.0662 to the December average rate of 0.0635, the exchange rate registered a net change of -3.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0685 was down 0.75% compared to the 2023 peak of 0.0690, 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 342 PEN

2023 Average 328 PEN

Yearly Trough Low 314 PEN

Transaction Impact: A difference of 28.05 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0685

0.0631

JanuMarcMayJulySeptNove

MKD to PEN 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 0.0659, compared to 0.0661 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0659

H2 Avg (Jul–Dec) 0.0661

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0028 PEN (High: 0.0680 / Low: 0.0652). On the other end, February was the most stable month, with a tight range of 0.0012 PEN (High: 0.0677 / Low: 0.0665).

August Spread (Volatile) ±0.0028

February Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0018 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.0680) against the same month in 2023 (average: 0.0646), the exchange rate shifted by +0.0034 (+5.30%).

2024 Avg (September) 0.0680

2023 Avg (September) 0.0646

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0672	0.0655	0.0662
February	0.0677	0.0665	0.0671
March	0.0665	0.0649	0.0656
April	0.0655	0.0639	0.0647
May	0.0662	0.0646	0.0655
June	0.0668	0.0655	0.0661
July	0.0672	0.0656	0.0663
August	0.0680	0.0652	0.0668
September	0.0685	0.0673	0.0680
October	0.0674	0.0658	0.0664
November	0.0669	0.0642	0.0653
December	0.0643	0.0629	0.0635