2024 MKD to PGK Historical Review

YEARLY HIGH

0.0725 PGK

YEARLY LOW

0.0651 PGK

YEARLY AVERAGE

0.0684 PGK

2024 MKD to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 25, valuing the pair at 0.0725. Conversely, the yearly low was recorded on February 9, dropping to 0.0651.

This high-to-low spread represents a total annual volatility of 0.0074 PGK. From a start-to-finish perspective, comparing the January average rate of 0.0662 to the December average rate of 0.0688, the exchange rate registered a net change of 3.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0725 was up 6.90% compared to the 2023 peak of 0.0678, 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 363 PGK

2023 Average 316 PGK

Yearly Trough Low 326 PGK

Transaction Impact: A difference of 36.91 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0720

0.0656

JanuMarcMayJulySeptNove

MKD to PGK 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 0.0670, compared to 0.0698 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0028 points.

H1 Avg (Jan–Jun) 0.0670

H2 Avg (Jul–Dec) 0.0698

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0031 PGK (High: 0.0722 / Low: 0.0691). On the other end, May was the most stable month, with a tight range of 0.0019 PGK (High: 0.0687 / Low: 0.0668).

October Spread (Volatile) ±0.0031

May Spread (Stable) ±0.0019

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 September and October, when the average rate fell by 0.0012 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.0715) against the same month in 2023 (average: 0.0632), the exchange rate shifted by +0.0082 (+13.01%).

2024 Avg (September) 0.0715

2023 Avg (September) 0.0632

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0680	0.0652	0.0662
February	0.0670	0.0651	0.0661
March	0.0680	0.0654	0.0671
April	0.0675	0.0652	0.0666
May	0.0687	0.0668	0.0681
June	0.0689	0.0670	0.0679
July	0.0696	0.0672	0.0687
August	0.0717	0.0688	0.0703
September	0.0725	0.0704	0.0715
October	0.0722	0.0691	0.0703
November	0.0712	0.0681	0.0695
December	0.0695	0.0676	0.0688