2024 MKD to SAR Historical Review

YEARLY HIGH

0.0683 SAR

YEARLY LOW

0.0633 SAR

YEARLY AVERAGE

0.0660 SAR

2024 MKD to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MKD to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.0683. Conversely, the yearly low was recorded on December 19, dropping to 0.0633.

This high-to-low spread represents a total annual volatility of 0.0050 SAR. From a start-to-finish perspective, comparing the January average rate of 0.0665 to the December average rate of 0.0640, the exchange rate registered a net change of -3.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0683 was down 0.30% compared to the 2023 peak of 0.0685, 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 SAR

2023 Average 330 SAR

Yearly Trough Low 317 SAR

Transaction Impact: A difference of 25.01 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0681

0.0636

JanuMarcMayJulySeptNove

MKD to SAR 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 November, with a trading range of 0.0031 SAR (High: 0.0667 / Low: 0.0636). On the other end, March was the most stable month, with a tight range of 0.0009 SAR (High: 0.0667 / Low: 0.0658).

November Spread (Volatile) ±0.0031

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 (August 2024: 0.0672) against the same month in 2023 (average: 0.0665), the exchange rate shifted by +0.0007 (+1.04%).

2024 Avg (August) 0.0672

2023 Avg (August) 0.0665

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0673	0.0659	0.0665
February	0.0663	0.0652	0.0657
March	0.0667	0.0658	0.0662
April	0.0662	0.0646	0.0653
May	0.0663	0.0650	0.0659
June	0.0665	0.0651	0.0656
July	0.0667	0.0655	0.0661
August	0.0683	0.0657	0.0672
September	0.0681	0.0672	0.0677
October	0.0678	0.0658	0.0665
November	0.0667	0.0636	0.0649
December	0.0646	0.0633	0.0640