2024 MKD to QAR Historical Review

YEARLY HIGH

0.0662 QAR

YEARLY LOW

0.0614 QAR

YEARLY AVERAGE

0.0640 QAR

2024 MKD to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 0.0662. Conversely, the yearly low was recorded on December 24, dropping to 0.0614.

This high-to-low spread represents a total annual volatility of 0.0048 QAR. From a start-to-finish perspective, comparing the January average rate of 0.0646 to the December average rate of 0.0620, the exchange rate registered a net change of -3.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0662 was down 0.45% compared to the 2023 peak of 0.0665, 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 331 QAR

2023 Average 320 QAR

Yearly Trough Low 307 QAR

Transaction Impact: A difference of 23.96 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0661

0.0617

JanuMarcMayJulySeptNove

MKD to QAR 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 0.0640, compared to 0.0641 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0640

H2 Avg (Jul–Dec) 0.0641

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0030 QAR (High: 0.0646 / Low: 0.0616). On the other end, March was the most stable month, with a tight range of 0.0009 QAR (High: 0.0647 / Low: 0.0638).

November Spread (Volatile) ±0.0030

March Spread (Stable) ±0.0009

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 0.0016 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.0657) against the same month in 2023 (average: 0.0632), the exchange rate shifted by +0.0026 (+4.05%).

2024 Avg (September) 0.0657

2023 Avg (September) 0.0632

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0656	0.0640	0.0646
February	0.0646	0.0633	0.0639
March	0.0647	0.0638	0.0643
April	0.0643	0.0628	0.0634
May	0.0644	0.0631	0.0640
June	0.0645	0.0632	0.0637
July	0.0648	0.0635	0.0642
August	0.0661	0.0635	0.0651
September	0.0662	0.0652	0.0657
October	0.0659	0.0638	0.0646
November	0.0646	0.0616	0.0629
December	0.0627	0.0614	0.0620